USDCHF gap down

What's the reason for the 300 pips gap down? EURUSD also gapped up about 250 pips in a short time.

Felix

 

It was not a gap but a rise in volatility. I don't know why. Fridays are typically crazy. Looks like EUR is set to continue its upmove.

 

it was just a spike in volatility, the USD is still in a strong uptrend.

 

These intraday forex turnarounds seemed to coincide with the Whitehouse statement about not planning to nationalize the big banks.