AUD/JPY (and other yen pairs) flash crash of Jan 2019

jack

Administrator
Staff member
Low liquidity.. bad news out of some international companies.. there's a few theories being tossed around here but regardless this shakeup was a lot of fun out of nowhere:

AUDJPY (the big mover)



USDJPY (wants to play too)



NZDCHF (dude where's my car?)



Anyone bank large off these?
 

jack

Administrator
Staff member
Traders are still seeking to piece together what happened just before 9:30 a.m. in Sydney, when orders came to sell Australia’s dollar and Turkey’s lira against the yen. While some pointed to risk aversion triggered by Apple Inc. cutting its sales outlook, others said Japanese retail investors were behind the trades. Whatever the cause, the moves were exacerbated by algorithmic programs and thin liquidity with Japan on holiday.
https://www.bloomberg.com/news/articles/2019-01-02/yen-surge-algos-set-off-flash-crash-moves-in-currency-market?utm_medium=social&utm_campaign=socialflow-organic&cmpid==socialflow-twitter-markets&utm_content=markets&utm_source=twitter
 

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