Quote:
Originally Posted by Ivanovich
I've only been trading for about 5 or 6 years now, but what I do remember, is that - every time there's an irrational move of this magnitude - there is always a catalyst that seemingly sets off the reversal. When this occurs, it is usually quite severe a correction. The trick, of course, is finding the catalyst.
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The most obvious choice would be the coming FOMC meeting if we're strictly referring to markets' collective indifference to the likelihood of stable rates.
If we're speaking more generally and referring to extended USD and JPY losses versus other currencies, then the coming weekend's G7 meeting could certainly prove interesting.
