Disliked{quote} Thanks Sis.yphus for the inputs. Could you please elaborate more on what you said: "Yes, to think that the full effect of interest rate changes are realized in the entire global/us economy(and therefore the currency prices of the majors) within seconds is absolutely ludicrous and makes no sense at all. If that were the case, interest rates would need to be changed by the second lol. The reaction you saw is caused by speculation on the decision. I trade fundamentals based on what it means for the next 3-12 months. I don't care what happens...Ignored
BOJ a few years ago said they were going to start devaluing their currency and people said the USDJPY would go to 110.00 because of this. It took over a year for the USDJPY to get to 110.00
if this irrational idea that everything is factored in immediately were true, the price would have instantly jumped to 110.00 the day of their announcement and stayed there.
it took over a year for that news release to get priced into the market.
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