THE BOJ AND THE NORDIC CENTRAL BANKS STERILIZE NORDIC CURRENCIES

After reaching 15 % + 1 % width of medium term bands as permitted by the applicable regulation, the BOJ and the Nordic's central banks (Sweden, Danish and Norwegian) undertook central banking market sterilization to slower the strengthening of SEK, DKK and NOK by the JPY.

The sterilization will bring those pairs to central band/central parity in short term (short term band is central banking market sterilization). Short the current sterilization is very feasible.

Yorum:

I made no trade on these pairs.