Reply #26: Interesting [View All]

[aneerkoinos]

I think it's just BoJ, intervening upto 107 and giving daytraders their usual candy. Maybe just hoping that ECB don't go grazy like the rest of the world, any case today pound (getting ready for the nice and round 2.00) and euro (after kissing the now magical 1.29) have been dropping against dollar in unison, now starting to pull back for a new battle tomorrow(?).

The big deal seems to be that dollar is putting up fierce resistance at 85, under that has been a no-no land now for a month or so. And yet the only real question is, how long... and what happens after the (last?) defense line is broken...

PS. Here's a site I recently bumped into, for real currency addicts:
http://www.dailyfx.com/