Latest USD/JPY Spike

DDR

DDR

Hi Everyone,
June 14 2018
The usd/jpy reversed but first it spiked.
How much money does it take to manipulate such a move ?
Or how many contracts ?
Does anyone know ?

I understand it as a liquidity grab by the trading houses before the intended directional change.

upload_2018-6-14_14-29-48.png
 
In my opinion it depends on the liquidity at the time. Not during peak trading hours so a couple MM dollars (or less) of contracts could cause this spike. Likely a lot less. I only trade these contracts during peak hours as the liquidity during these times can stop you easily.
 
I'd be willing to through a couple million (before leverage) at a pair tomorrow morning. Get a couple more people together, throw the gains up even higher.
 
This spike was caused by the FOMC news event, this is always a very volatile event and can cause even larger spikes and pullbacks.
 
The more interesting aspect is where this spike stopped.... Its a classic test of the distribution which ended around May 22.
 
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