ridethepig | JPY Market Commentary 2020.03.02

Risk markets are starting to form a temporary floor via BOJ stepping in and suture the wound. Volatility is set to remain high for the coming days, Asian stocks finding a bid from the usual dip buyers while USDJPY has started to bounce from last week’s move. Looking to sell any rallies into 109.2x as we have not seen the end of the storm in currencies yet.

Historically intervention will occur on Wednesday... look to buy rallies into 109.2x for another selling opportunity! As usual thanks for all those keeping the support coming with likes, comments, charts and etc!

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