TAG: COT

USD/JPY: An overextended intraday rally makes it vulnerable to a squeeze down with rumoured talks of FX intervention

USD/JPY extended its rally to hit 159.60 key long-term resistance (also the April 1990 secular swing high). Today’s Asian session’s swift upmove in USD/JPY has led to an increase in its volatility condition which increases the risk of FX intervention. Ab...