Just waking up? USD/JPY demand into the Tokyo fix, some 'flash crash' elsewhere

Author: Eamonn Sheridan | Category: News

I posted on the USD/JPY demand into the final Tokyo fix for the fiscal year earlier.

The Japanese fiscal year that is.

USD/JPY moved quickly above 108.20 to highs circa 108.70 on an end of year demand surge.

Meanwhile AUD, NZD and GBP had spikes lower  - AUD and kiwi came almost right back up again but are subsiding now. Cable had its sharp move down also but the bounce was not quite so good and it too is subsiding as I post.

These are flow driven moves, although there has been plenty of news also:China stimulus, China PMIs, NZ collapsing business survey and more:

I posted on the USD/JPY demand into the final Tokyo fix for the fiscal year earlier.

ForexLive
By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose