Quote:
Originally Posted by Cyrus From my understanding of order flow and reading darkstar's stuff, I smell a stop cascade in USDJPY last night.
Looks like more than 1 barrier / massive stop got triggered.
Anyone with the data can confirm that? |
TOKYO, July 13 (IFR) - USD/JPY led the JPY crosses down early as it plunged through 79.00 and then 78.50 in an apparent stop-loss run in thin, post-New York trading. A low of 78.48 was seen before the market bounced hard. The push down took out presumed option barriers at 79.00 and 78.50,