Have a question for the veteran traders:
What happened to USD/JPY just now? At least to me this doesn't make any sense. Sure it looked a bit undersold, but the STO and RSI were almost at sell level. And fundamentally North Korea cancelled the second test and things look worse with US economy and Iraq.
Or is it because it's a national holidat in JP today?
Of course I am not complaining about that, since after this breakout I recovered $40 from yesterday's losses but would really appreciate if someone explained this breakout either technically or fundamentally.
What happened to USD/JPY just now? At least to me this doesn't make any sense. Sure it looked a bit undersold, but the STO and RSI were almost at sell level. And fundamentally North Korea cancelled the second test and things look worse with US economy and Iraq.
Or is it because it's a national holidat in JP today?
Of course I am not complaining about that, since after this breakout I recovered $40 from yesterday's losses but would really appreciate if someone explained this breakout either technically or fundamentally.