EUR/USD jumps a big figure higher - thin liquidity a factor
A sharpish sort of move for EUR/USD here in the Asian morning (early Tokyo and very early Singapore/Hong Kong).
There isn't any fresh news hitting the wires, it seems the thin liquidity time of day playing a decisive role in the jump
- it is always thin liquidity when its only Australia and New Zealand trading and prior to Tokyo getting started
- Even when Tokyo gets underway its thin
- Add into the mix the holiday desks with lighter staffing than usual, & less thick order books
Here is the 1 minute chart so you can get an idea of the pace of the move:
EUR/USD is not the only thing on the move, generally weaker USD ... updates: