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Hello everyone, today XM Forex will bring you "[XM official website]: Katayama Satsuki chose to take action when the US dollar was crossing the border! The perfect calculation and unspoken worries behind the 100-point yen riot." Hope this helps you! The original content is as follows:
XM Foreign Exchange APP News - During the Asia-Europe period on Tuesday (November 4), the U.S. dollar against the yen once hit a nine-month high of 154.47. When it broke through 150, it received another verbal warning from Satsuki Yamayama, a Japanese financial photo, and the crowded short-selling Japanese yen trade instantly turned around. The US dollar has plummeted nearly 100 points against the yen and is currently trading at 153.46 (-0.48%) before rising to 0.15%. It is worth noting that at the same time period, Japanese Finance Minister Katayama Satsuki has recently released signals on the fluctuations of the yen against the US dollar. He clearly stated, "We have noticed that Katayama Satsuki revealed that he had issued a strong warning last Friday. The core reason was that the foreign exchange market fluctuated extremely violently in the previous two days. Data shows that as of last Thursday, The Japanese yen fell nearly 3 yen against the US dollar. Coincidentally, in addition to the Bank of Japan's policy and market reaction, the Japanese yen also faced pressure from other levels last week. On the one hand, before the US dollar fell sharply against the yen last week, market participants were generally aware that the risk of the Japanese government's intervention in the exchange rate was rising. Most opinions believe that "the possibility of short-term actual intervention is low." It is reported that the last time Japan intervened in the foreign exchange market was in July last year, when the exchange rate of the US dollar against the yen was about 160. From an institutional point of view, Goldman Sachs and the US dollar against the yen stood firm for three days after breaking through the upward trend line. According to traditional technical analysis, the exchange rate here should be. The rapid expansion, but the actual verbal warning directly caused the exchange rate to become a false breakthrough, that is, the breakthrough is the highest point. The breakthrough represents the joint force of the rise and represents crowded trading. Instantaneous changes often lead to rapid adjustments (USD/JPY daily chart). At the same time, the US dollar index is crossing the barrier.
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