USD/JPY, 170 pips roller coaster on rumour!
Take a look at my 1 minute USD/JPY chart how the market reacts on talk of possible BOJ intervention. The pair has slammed in only 4 minutes, at fist two up for 170 pips and in the next two seconds down for 160 pips. As I see it, this wasn’t an BOJ intervention, just the huge market players reaction on the rumour and there is some indications that the BOJ was realy involved is some kind of talk about it. The pair has settle down now in the middle of the range, at 112.15 in one pip. 🙂 Beautiful move from the trading floor!