@TechCharts It looks like the #BOJ were watching and trading $JPY at 09:30 (local time).
~120 pip move down smacks of a stop entry order that got triggered on the highs.
@FactSupporter91 Banks can't reject the deal without a better offer in hand from Amazon or other bidder. If recovery is less, all of them will be fired and go to jail for dereliction of duty
@FactSupporter91 The more bidder, the better price. Bankers are not stupid. Think about the reason why all bank rejected the scheme. They are sure that either IBC or renegotiation with REL will be a better for them. IBC can be a blessing to investors because it will be free from Amazon contest.
@FactSupporter91 IBC is the better way to sell #futuregroup to Ambani without bothering uncertainty over NCLAT and SIAC decision. lenders will be free from the legal uncertainty with Amazon. Lenders are sure that they can recover more and faster than the current scheme in dispute.