Power of Past G7 Mtgs: Euro and JPY Charts
March 18, 2011
The following charts of the EUR/USD and USD/JPY shows the power of G7 meetings. As you can see, their announcements have frequently marked a top or bottom in the currency pairs. Sometimes this happens immediately and other times it takes a while longer. Judge for yourself what will happen this time around:
Posted in G7 intervention, G7 meeting, forex blog
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March 19th, 2011 at 12:58 pm
Hi Kathy its not clear for me the direction that the markets will take with the yen, you have a red arrow pointg down, for the pair USDJPY, and i think that the intervention it´s for the YEN to loose value…
The effect for the Euro is going to be a depreciation of the EUR? and apreciation of USD in general with the other G7 currencies?
Thank you so much!
March 22nd, 2011 at 12:24 pm
[...] Power of Past G7 Mtgs: Euro and JPY Charts (KathyLien.com) [...]
March 22nd, 2011 at 3:47 pm
Hi Kathy, I would be every careful in drawing a same relation over & over. China is not comfortable with yen weakness, further purchase might be resumed. who knows!
March 23rd, 2011 at 6:55 pm
Great chart as ever kathy. Food for thought.