I was experimenting with a trading idea today and have been long EUR/USD,GBP/USD and EUR/JPY since the london open. I wasn't aware that NFP was coming this noon GMT. luckily I was on the right side of two of my trades, though the action really scared me and I got out as soon as I could. although I still won't trade news, I've realised the risk of not paying attention to it at all. I browsed through the news and kind of understood why EUR and GBP rose so much, but I'm still quite puzzled by the sudden drop of EUR/JPY. as far as I know, the action of EUR/JPY has been quite parallel to that of EUR/USD. so why did they two behave so differently tonight? could somebody please shed some light?
