You need to be crazier than a gang of French clowns to trade GBP/JPY on days like today but, dang, it sure pays when you’re on the right side.
The pair has carved out a new high at 179.55 and is up nearly 5 full figures on the day. The daily chart is almost comical given the huge bullish candle but what should really irk news traders is that the move didn’t came super suddenly.
If you knew what the BOJ decision meant, there was plenty of time to get on board.
GBPJPY 1 minute candles
Anyway, trading is the easiest occupation — in hindsight.