Wednesday, November 10, 2010

Wild Currencies: The Yen at 6AM Continues Massive Drop

This is more like 5:40AM. The Yen suffered a very significant drop in the afternoon yesterday, and continues at the lower levesl overnight:

A move of about 1% used to be extremely unusual for currencies. Now we see them quite often. As mentioned, for those trading short term, currencies is the place to be.

The above chart shows the Yen 24h a day, from INO's tool (click for trial).

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