The Japanese yen has risen back toward levels at which the Bank of Japan intervened on the 15th of September. Are we set for a new intervention? “Concerns remain about further easing by the Bank of Japan, but that is unlikely to happen before next week’s monthly meeting, which leaves intervention as the only probable alternative between now and then,” said Michael Hewson, analyst at CMC Markets, as quoted by MarketWatch.

Here’s the daily chart (showing how the effect of the intervention wore off within just two weeks):

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The US dollar extended losses against the euro and other major currencies (like NZD/USD, positively affecting my Trade #59) in the forex market today after press releases showed US consumer confidence fell more than expected this month. This has been interpreted by forex speculators as potentially giving the Fed more reason to ease monetary policy (QE).

EUR/USD hit 1.3594 a few minutes ago, its highest level since April this year.

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It’s 04:28am GMT, I just went long in the kiwi (NZD/USD) at 0.7343
SL: as per my trading plan
Target: 0.75

Here’s the daily chart of NZD/USD as of now:

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It’s 06:09am GMT. I just closed this trade at 84.28 for a 58-pip loss. No intervention on Friday, nor in early morning today.

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