Today's Asian session saw a pronounced 50 pip dip in USDJPY that analysts are struggling to account for. With the macro data landscape favourable for this pair Saxo Bank head of forex strategy John Hardy says the plunge was "mysterious" and may be related to hedgining action ahead of month-end.
from Ole Hansen - Authored content https://www.tradingfloor.com/posts/from-the-floor-mysterious-move-sends-usdjpy-lower-7682482?utm_medium=tf4-feed&utm_source=extract
From the Floor: 'Mysterious' move sends USDJPY lower
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