JDFN Financial Network

USD/JPY 03/2011

Like the NZD/USD, the USD/JPY is in the daily sell position since the high-low average for 15 Mar 2011 is below the weekly median. Today at the 5PM open the USD/JPY made approximately 494 pips in a sell position for the day.

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Permalink Reply by Karim on May 3, 2011 at 5:50am

Hi PJ

 

yes this was a massive move in 1 day all due to the natural disaster and the reserve bank of japan responding accordingly. Interestingly enough the currency bounced back from 77.00 to 82.00 on the 17th and 18th. Unfortunately I was not trading those days and missed out on the big moves

 

Karim

Permalink Reply by PJ Shimkonis on May 6, 2011 at 11:01am
Karim, thanks for your email. I was surprised, too, when the USDJPY moved up during the disaster.

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