samedi 15 août 2015

Simple

Hello,
Can anybody explain this -

Daily Forex Outlook - Forex Trading UK, published Sat, 15th August 2015
http://ift.tt/1EuOmPz

The second bullet-point says:
The US dollar (USD) crashed to 118.85 against the Japanese yen (JPY) yesterday (I'm guessing that means 8/14/15)

Now, on the DailyFX trading view http://ift.tt/1THkf3M
118.85 was last seen on 05/14/15 (roughly, 'twas actually 118.88, and I'm assuming a spread)

So, does this mean http://ift.tt/1katck7 made a mistake or, JPY is quoted differently for people in Britain?
My guess would be that Japan simply says something like: Ok Britain, want some of our yen? Give us 118.8 of the dollars you have. As for the US they charge us 120+
Therefore, BoJ is looking to shift some of its exposure from Dollars to Pounds and it is clearly a GBP/USD - BUY signal.

What do you think?


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