That’s probably the most he’s ever moved a currency
Yesterday morning I spoke about the intraday longs that were running the euro up into the ECB meeting. My main concern was that the more they drove the price higher, the greater the opposite reaction would be if Draghi didn’t turn out in their favour. The price action spoke for itself.
USDJPY slowly unwinding the Tarullo tantrum but are we heading for FOMC trouble?
