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why aud/jpy droped at 3pm gmt?

  • #1
  • First Post: Dec 1, 2006 10:46am Dec 1, 2006 10:46am
I was wondering if anyone could explain why today between 1 hour before USD ISM Manufacturing Index came out to 1 hour after, why AUD/JPY droped when no news from JPY or AUD.
AUD/USD and USD/JPY both moved roughly the same percent amout, so why did AUD/JPY drop by about the same percent? Should it not have stayed in roughly the same range it was in before the news.
  • #2
  • Last Post: Dec 1, 2006 4:35pm Dec 1, 2006 4:35pm
Quoting DanielL
I was wondering if anyone could explain why today between 1 hour before USD ISM Manufacturing Index came out to 1 hour after, why AUD/JPY droped when no news from JPY or AUD.
AUD/USD and USD/JPY both moved roughly the same percent amout, so why did AUD/JPY drop by about the same percent? Should it not have stayed in roughly the same range it was in before the news.
The market can do what it wants, when it wants for no other reason than it can.

Just learn to expect the unexpected.

I was long on AUD/JPY also but managed to move it break even yesterday.
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