Bank of Japan’s Yen Intervention: April 29, 2024 Analysis Replay – Analysis and Forecast – April 30, 2024
On April 29, 2024, the U.S. dollar surpassed 160 yen for the first time in 34 years.
After approximately two and a half hours, significant price fluctuations occurred, believed to be due to exchange rate intervention.
The video we created uses PracticeSimulator to recreate the day’s chart movements. Based on USD/JPY 1-minute chart.
Additionally, this video syncs and displays 5-minute charts for USD/JPY, EUR/JPY, EUR/USD, Nikkei 225, Gold, S&P 500, EU 50, and Bitcoin for a comprehensive view of the correlations and reactions: provides. Intervention.
Price change ※Time and approximate price:
- April 29, 1:00 a.m.: 157.800 yen
- 4:35 AM: 161.197 yen
- 7:04 AM: 159.597 yen
- 7:08 a.m.: Estimated time of intervention.
- 8:06 AM: 155.030 yen
- 10:07 AM: 157.188 yen
- 10:08 AM: Another significant change.
- 10:35 AM: 154.604 yen
- Big change around 7:40 p.m.
※This video was played without commentary for analysis and consideration.
Reviewing the replay, it appears that the Nikkei 225 has been affected and GOLD is moving in the opposite direction, indicating a correlation. The S&P 500 appears to be very volatile around the US market opening. Bitcoin also appears to serve as a speculative asset, following S&P and Nikkei.
At 07:00 there is a sharp move towards strengthening the yen.
Slowing down YouTube playback allows for more accurate observations.
Please note that this is a replay video using a simulator, so some content may not exactly match the actual chart.
Combining different currency pairs and CFDs in replays can lead to surprising discoveries. There is often more noise before significant changes occur, which can provide early signs to observant viewers.
The FX training and validation tool used in this simulation is: PracticeSimulator_rcm.
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