Can a pair just "take a vacation" for a day? It's currently 10 GMT and the USDJPY has a total range of 14 pips during the trading day. (Only 19 pips going back to London Close yesterday)
I can't find any time in the past 2 years that the pair has been this compressed. This is a pretty obvious order pairing (volumes aren't bad). I'm just trying to figure out which way it's going.
I'm pretty sure this is going for a higher USD, but I'm having problems seeing what it's responding to. Or why it's gotten so compressed. But, still working on it.
I can't find any time in the past 2 years that the pair has been this compressed. This is a pretty obvious order pairing (volumes aren't bad). I'm just trying to figure out which way it's going.
I'm pretty sure this is going for a higher USD, but I'm having problems seeing what it's responding to. Or why it's gotten so compressed. But, still working on it.