It seems like it could be worthwhile to hunt for an intervention trade on usd/jpy. My guess is less then 7 days before they take action if usd/jpy isn't trading higher than now but I can hardly call it an educated guess. It is so typical pre-intervention environment we see right now as nobody believes they will ever intervene.
Some of the biggest manufacturers in Japan have already started to look for another country to move their industry into because of the strengthening Yen. This simply cannot continue.
"We may not be able to control the wind, but we can always adjust our sails"
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What type of thing is that giantic bar on this EURCHF chart please ? I see it only on fxcm and alpari.
Is that an anomaly ? I am wondering who could do something like that. Is that some force breaking of levels, to enable the stop loss/take profits / stop or limit orders ?
Thanks for your insight !
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You don't know the price or time scale, but from what you do show, looks like a bad tick. Sometimes weaker brokers are accused of purposely injecting "bad ticks" to run stops. If you were in a trade during this, I would definitely be on the phone with your broker giving them a piece of my mind.
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