IF,BUT,MAYBE,WHEN IT GETS TO, WAITING FOR
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Strategists are warning about possible 'flash crashes' in currency markets as Japan goes on holidays
The Scout Association’s motto is “be prepared”. If you like to dabble in currency trading during the Asian timezone, especially in the Japanese yen, that motto is also appropriate for you next week. Japanese markets will be closed from April 29 until May 6 for an extended Golden Week holiday, sapping a major source of liquidity for currency markets in Asia. Given what happened last time market liquidity was this thin for a prolonged period of time, it led to some wild price movements at the start of January this year. Strategists warn similar price volatility, often referred to as a “flash crash”, could ... (full story)
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