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Feb 10 - 06:55 AM

USD/JPY - It Seems USD/JPY Traders Have Been Spoofed

By Jeremy Boulton  —  Feb 10 - 04:50 AM
  • To spoof is sell when intending to buy or vice verse

  • USD/JPY was slammed 131.63-129.80 on BOJ news nL1N34Q0JW

  • Pair has since rallied to 131.40, then rapidly dropped to 130.78

  • Seems whatever games are being played continue

  • If dip wrong-footed traders about policy changes - bigger risk lie higher


Source:
Refinitiv IFR Research/Market Commentary

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