Originally Posted by
chef_roi
BOJ consistently buying billions, yes its true because they want to the rate. thats why as you can see the rate is very low, almost same na sa iya support level which is 75.46. so there govt will do somthing to pull it again.
bro ga trade ka forex? pila spread ninyo?
I don't really much focus on TA but I know the reasons why regardless dli ko gaka trade ana na pair... Since their last intervention, wa nakakuha ug support ang jpy sa g20...so instead of buying hundreds of billions at once (BOJ intervention spikes), they buy only by billions at a time, that's why na broke ba ang kampo support which I forgot what level... Last time my little birds told me, they were hiding thier moves by using multiple banks to execute their buys. One reason nag rise ang EU kay they were buying the crosses sa EJ. At the end of the day, wa ko kbaw if they were able to defend a support level since nag close shop ko early since namatay ang vol sa akong pair ug holiday sd sa US... and I'm too lazy to opened a chart during weekends to check if they were successful sa ilang operations.
about sa spreads, commision based mn gd ko so gamay jd ang spread. The bigger the volume the lower the commisssions ihatag pero that's not really important here.