"Wow, USD/JPY is up nearly 200 points!" (Man seeing tree, not forest)
The story so far:USD/JPY slammed lowerUSDJPY falls below 100 hour MA and runs lower.USD/JPY is cratering, drops under 155.00 in super-thin intervention tradeThose wide spreads you are seeing in yen crosses are a feature, not a bugCheck those out for an explanation on how the forex market works at this time of day if you need to. USD/JPY is swinging about in huge gaps, check out the y-axis scale! This article was written by Eamonn Sheridan at www.forexlive.com.
The story so far:
- USD/JPY slammed lower
- USDJPY falls below 100 hour MA and runs lower.
- USD/JPY is cratering, drops under 155.00 in super-thin intervention trade
- Those wide spreads you are seeing in yen crosses are a feature, not a bug
Check those out for an explanation on how the forex market works at this time of day if you need to.
USD/JPY is swinging about in huge gaps, check out the y-axis scale! This article was written by Eamonn Sheridan at www.forexlive.com.
