Last month, August 24, there was a Japanese news released. I have ignored JPY news and i was not dissapointed to see no reaction to it at all.
However, it was the last Friday of the month and by mid day Japan time, JPY lost ground.
Someone suggested that on the last Friday of each month, there is strong demand to buy foreign currency to settle some obligations.
I wonder if we would see the same reaction this friday (Thursday EST)..
However, it was the last Friday of the month and by mid day Japan time, JPY lost ground.
Someone suggested that on the last Friday of each month, there is strong demand to buy foreign currency to settle some obligations.
I wonder if we would see the same reaction this friday (Thursday EST)..