You know the story by now, a huge surge for the yen at the THE most illiquid time of the 24 hour FX cycle.
If you are just tuning in though, this is what you missed (chronology is from the bottom up)
- Another look at today's currency flash crash(es) timeline
- Analyst on the FX flash crash(es) and what now
- Today's currency flash crash timeline
- Anyone remember the GBP 'flash crash' in Oct 2016? Its worth revisiting
- AUD/JPY rebounds above 61.8% retracement
- Expect to hear something from the Bank of Japan today as they respond to the FX flash crash
- USDJPY tumbles toward the 2018 low
- AUD/JPY rebounds to test the 61.8% retracement of flash crash low
- Three things caused the flash crash in forex market
- Why you get huge currency moves at this time of day
- Flash crash hits the currency market
- AUD collapsing
- Yen surging
- AUD/JPY falls further (and its not the only Turkey)
- Apple commentary on China's economy ... sharp contraction in market
- Apple has cut its Q1 revenue guidance
(Apologies if you are seeing this list from me for the umpteenth time, just trying to help out the folks who may have only just woken up).
It is a Japanese holiday today so perhaps its a bit much to expect Japanese authorities to have anything to say on the huge yen move. But, I am a harsh taskmaster so I would have thought someone there could have dropped into the office and mumbled something or other … 'stability important …. yen should reflect fundamentals' … blah, blah.
But nope, nothing at all. Maybe we'll hear something from Bank of Japan, Financial Services Agency and Ministry of Finance or a combination of those three later in the week (ie. tomorrow).
