On April 29, 2024, the US greenback reached 160yen for the primary time in 34 years.
Roughly two and a half hours later, a major value motion occurred, which is believed to have been as a consequence of foreign money intervention.
The video we have created makes use of the PracticeSimulator to recreate the chart actions of that day. It primarily based on a 1-minute chart of USD/JPY.
Moreover, the video synchronizes and shows 5-minute charts for USD/JPY, EUR/JPY, EUR/USD, Nikkei 225, Gold, S&P 500, EU 50, and Bitcoin in USD, providing a complete view of their correlations and reactions to the intervention.
Value Actions ※Time and approximate costs:
- April 29, 1:00 AM: 157.800 yen
- 4:35 AM: 161.197 yen
- 7:04 AM: 159.597 yen
- 7:08 AM: Time believed to be intervention
- 8:06 AM: 155.030 yen
- 10:07 AM: 157.188 yen
- 10:08 AM: One other vital fluctuation
- 10:35 AM: 154.604 yen
- Important fluctuation round 7:40 PM
※This can be a replay video with out commentary, to your evaluation and consideration
Reviewing the replay, it seems that the Nikkei 225 is affected, with GOLD shifting in the wrong way, indicating a correlation. The S&P 500 seems very unstable across the US market opening. Bitcoin additionally appears to comply with the S&P and Nikkei, appearing as a speculative asset.
07:00, there is a sharp swing towards a stronger yen.
Slowing down the YouTube playback can enable for extra exact remark.
Please be aware that it is a replay video utilizing a simulator, so some particulars could not precisely match the true charts.
Combining varied foreign money pairs and CFDs within the replay can result in shocking discoveries. There’s typically extra noise earlier than vital modifications, which may present early indicators to observant viewers.
Right here is the FX coaching & verification device used for this simulation: PracticeSimulator_rcm.
https://www.mql5.com/en/market/product/98348
Keep tuned and comply with for extra uplifting replay movies! Thanks!
