Like most risk currencies, or the high yielders such as the NZD, CAD, AUD. The extreme margin
retail investors out of Japan feverishly (
yeah word of the moment...) buy dips. So its like this, over leveraged traders in topped out markets chasing high risk/high yields when most risk is trying to be cut by institutional trades; what you get is a buy (retail) sell (institutional) and a daily basis. Until a large position is cut.
Essentially they (Japan retail FX traders) are keeping the market stabilized for bigger players, a tight spread forms with easy money being made (sells) on constant dip buys by the naive.
Below is the Canadian Dollar, the supported buys are most likely Margin/retail investors from Japan, hence smallish volume:
No comments:
Post a Comment