USD/JPY dip patrons wade in once more

There isn’t any official affirmation that Japan’s ministry of finance intervened immediately however there are definitely tell-tale indicators. What to make of the second leg down up to now two hours is much less clear, although in the event that they intervened as soon as, why not twice?

Like the primary time, the playbook has been the identical, with dealer ready a couple of minutes for the mud to settle and shopping for the dip.

Absolutely they will not intervene thrice?

The issue for Japan is that fundamentals aren’t serving to them. The carry commerce is what it’s and till US financial information softens, it is powerful to fade the greenback on any entrance.