Sabtu, 26 Maret 2011

Chart: Euro and Impact of Joint Intervention

The following chart shows how the EUR/USD traded after the G7 joint intervention in Sept 2000. The EUR/USD made a new low and the ECB followed up with more intervention a month later which finally carved out the bottom. Will USD/JPY behave the same way?

Source: http://www.kathylien.com/site/euro/chart-euro-and-impact-of-joint-intervention

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