Many news trader have tried news trading JPY. Several days ago, they have a rate hike and what happened to YEN? They have a good economic news and what happened to YEN? The reactions where either flat or totally opposite.
As I have long said and again repeat, YEN do not react to Japanese news and instead react very well to Chinese News!
Just a while ago, Chinese Central Bank increased Interest Rates and with it, YEN strengthen 60+ pips vs USD.
Go figure.![](https://resources.faireconomy.media/images/emojis/64/1f615.png?v=15.1)
As I have long said and again repeat, YEN do not react to Japanese news and instead react very well to Chinese News!
Just a while ago, Chinese Central Bank increased Interest Rates and with it, YEN strengthen 60+ pips vs USD.
Go figure.
![](https://resources.faireconomy.media/images/emojis/64/1f615.png?v=15.1)
![](https://resources.faireconomy.media/images/emojis/64/2753.png?v=15.1)