Just checked charts on JPY pairs and what a volatile move in overnight session on the last day of month. I didn't see it coming at all. Perhaps Bank of Japan shocked the currency market by announcing a surprising expansion of its QE program which sent USD/JPY to highs not seen since 2008 and the pair broke through the 111.00 barrier. The dramatic new increase in QE was utterly unexpected by the market with Nikkei also soaring nearly 5% in response to BOJ new policy actions.
As a result of this v…
As a result of this v…
