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EURJPY 1:30 GMT Wednesday

Discussion in 'General Forex Talk' started by Doug Dude, Sep 14, 2010.

  1. Doug Dude

    Doug Dude Recruit

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    I'm trying to understand what happened EURJPY 1:30 GMT Wednesday. It shot up like a rocket from around 83.000 to 83.900. I assumed there was some news event I was unaware of, but I couldn't find anything. What happened to make it do this?

    My apologies if this is not posted in the correct location.

    Thanks,
    Doug
     
  2. AsstModerator

    AsstModerator FPA Forums and Reviews Admin

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    I am told that the Bank of Japan "intervened" with the Yen.
     
  3. RahmanSL

    RahmanSL Major

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    Yes, it was in the news about the Japs government intervention, plus more supports for the new PM too.

    If you check the chart, not only EUR/JPY shot-up like a rocket, but GBP/JPY, USD/JPY, and to a lesser extend the AUD/JPY too. Made quite a few pips from trading these pairs too : )
     

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