Take your pick:

  • fat finger
  • leak
  • stops
  • lack of liquidity
  • kuroda farted
  • pre BOJ nerves
  • whathaveimissed?

Whatever it is, this sort of move takes a good amount to be sold, regardless of time of day or whatever other excuses you want to float.

plenty of chatter about ...

OK ... how it happened:

Yes - a big sell to be done

More piled on top of the order (if you had a big sell order would you sell some for yourself too? ... of course you would)

More selling for stops that had to be done

This of course raises the question "Why was there a big seller?" Good question. I'm not privy to the answer.

-

  • We get the Japanese CPI data at 2330GMT
  • More date at 2350
  • Then the BOJ announcement some time in the 0230 to 0330GMT time window (or maybe later if debate extends)