When Last Friday Non Farm payroll was released, the market was down from 120.6 to

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noblehawk

Everyone! I need advise!

Just one question: Last Friday when Non Farm payroll was released, the market USDJPY was down from 120.6 to 120.2, then rebound to 120.8 quickly! why it happened like this? It was really a good surprise news. So why it was down and down so deeply at the beginning?

Appreciate.
 
USDJPY was down 3 YEN during the past 12 hours! In Japan market from 121 to 120, then come to the EU session from 120-119, then come to the US session from 119-118 ! Good experience in my life!
 
noblehawk said:
So why it was down and down so deeply at the beginning?
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To take the money from the long side gamblers. When the price recovered, they took the money from the short side gamblers. Why do they do this ? They like free money, and you can't blame them because free money is very nice.
 
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