Damn! Unfortunately I totally got schooled by this risk event. Admittedly I am semi-newbie. I had fallen into complacency though that these talks and statements by reserve bank officials were ultimately kind of ignored by the markets. NOT. Just ...
I was moreso viewing it in the opposite. For example, a couple of weeks back when Pound fell over 100 pips within an hour, Geppy fell nearly 200+. This even as USD/JPY maintained its level.