That was a barn burner. Ouch.
EUR/USD jumps a big figure higher - thin liquidity a factor
A sharpish sort of move for EUR/USD here in the Asian morning (early Tokyo and very early Singapore/Hong Kong). There isn't any fresh news hitting the wires, it seems the thin liquidity time of day playing a decisive role in the jump • it is always thin liquidity when its only Australia and New Zealand trading and prior to Tokyo getting started • Even when Tokyo gets underway its thin • Add into the mix the holiday desks with lighter staffing than usual, & less thick order books Here is the 1 minute chart so you can get an idea of the pace of the move: