look USD.JPY and take it seriously
Maybe a malfunction at some big institutions trading algo? Due to correlations it can easily spill to several markets if something goes wrong somewhere. It could also be manipulation but this doesn´t seem like normal behavior at all. And the time is strange aswell. I suspect this will be reversed soon…
Naive wishes Alexander. Flash crashes happen and everyone who is using leverage needs to take it in equation (https://www.fxstreet.com/news/usd-jpy-flash-crash-correcting-but-downside-risk-prevail-201901022308)
No idea if this is truth, but here’s ZeroHedge’s take on things:
I was playing around with a mean reversion algo on JPY pairs this past week on a demo account.
Back to the drawing board
No trade in the bank holiday .