USD/JPY dropped to circa 157.77 on that round of intervention.
Its surged back again.
Liquidity is thin, which is what happens when intervention occurs, dealers do not want to get caught out. Think about it … 159.40 to 157.80 in a few blinks of the eye. Then back up again a few minutes later. Take care out there folks:
This article was written by Eamonn Sheridan at www.forexlive.com.
