6J future

Discussion in 'Forex' started by ITR2744, Jan 21, 2009.

  1. ITR2744


    whoa, what caused this spike right now in the JPY future (6J) at 9:00 CT?? I can't see any major news...
  2. ITR2744


    it's not a spike anymore... it's a sick quick rally... still can't find any reason...
  3. Maybe the selloff in USB? Hit around the same time, EURJPY pulling back. Just guessing.
  4. well equity markets gave back their gains, tho I am not sure the correlation with usdjpy makes sense now the the carry is nil. Cable and Euro are down as well so maybe its a risk aversion move.

    Maybe someone thought he was demo trading and decided to go balls to the wall or fat fingered a few extra zeros on his order?
  5. man thats a crazy move
  6. ITR2744


    I trade 6E and 6J parallely and was quite surprised as JPY moved towards north like a rocket and EUR kept calm as everyday...

    In JPY I stayed on the sidelines as I thought it would be a fake rally... so I missed the move... :(
  7. guess they decided today was a good day to go for new lows
  8. jvpvmm


    bad japan CPI--yen drop 6J rally