Big moves hit the FX market, particularly JPY. Likely month-end fixing flows in play

Author: Adam Button | Category: News

We're a few minute ahead of the fix

There is no fundamental news behind these big moves in the market.

The particularly large moves are in yen crosses, which are soaring. GBP/JPY is up 150 pips in minutes.
We're a few minute ahead of the fix
The fixing trade since the start of the coronavirus crisis has been to fade the big moves after the top of the hour.
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