Big bid in Yen out of the blue in early Tokyo
|A big bid out of the blue in the Japanese Yen has caught the market by surprise, with USD/JPY falling over 60 pips from 110.20 down towards 109.60 for no apparent reason, as newswires report no fundamental news.
Amid the absence of any news that may justify the move just seen, speculations are starting to arise that a possible fat-finger action may be behind the move, although that is something that will probably remain unknown. What is quite clear is that since stocks are largely unchanged across the region, the mve has been all about a USD/JPY flow. The Nikkei 225 has also took a big dive in early Tokyo, last trading at 16,900.00, up 0.92%.
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