Marc Chandler
Marc Chandler
Marc Chandleris a well known foreign exchange market analyst, writer, speaker, and professor. On August 19, 2009, Bloomberg L.P. published Chandler's first book, Making Sense of the Dollar...
hit sideways trading until
We're still trading sideways until we hit 108 yen.
record seen short
We've seen speculators try to get out of short yen positions, which were at record levels.
carry momentum people playing trade
There are some people playing the carry trade and there are some people who are momentum players.
broad trading
We're still consolidating in a broad trading range.
finesse move size timing
Ultimately, it is not the size of intervention that matters, but the timing of the move to finesse the market.