Another currency pair in rapid retreat 15 July 2016
Sharp move lower for USDJPY from 106.20 to 105.42
Given the rapid move lower in cable it looks like a GBPJPY sell order going through taking advantage of thin liquidity at this time but no confo of that so far. No JPY related news that I can see.
Large option expiries today at 105.50 may also be a driver along with safe-haven yen demand in the wake of the awful events in France.
