Forex: USD/JPY flies to 89.85 after lunch break in Tokyo
Forex pairs in this Article » USD/JPY
FXstreet.com (Barcelona) - The USDJPY has spiked over 40 pips in a flash 1-minute move after traders came back from the lunch break in Tokyo. Following a session low at 89.26 after a break of 89.33 support, the pair made a round trip which took the sport rate back up towards 89.85 before stabilizing at equilibrium level of 89.60. Liquidity is very thin at the moment, which helps to explain how exaggerated move can become ahead of the BoJ official monetary policy announcement.