Why did the USD/JPY just collapse 400 pips?

[SteveM]

Anyone know why?

 

[Saltynuts]

Related to Apple warning or whatever no?

 

[Overnight]

Maybe because Japan just came off a 4-day bank holiday, and at 6PM their FX desks just opened? They have a lot of stuff to digest after their long vaca.

 

[Snuskpelle]

Was on the right side of this one, kinda sux I didn't have any algo/trailing stop to close at the favorable price though.

 

[wrbtrader]

Anyone know why?

View attachment 196411

https://www.bloomberg.com/news/arti...-set-off-flash-crash-moves-in-currency-market

I do remember seeing real time news at another source as it was happening but I didn't read it considering I'm not interested in Forex right now.

wrbtrader

 

[DepthTrade]

Every so often the market likes to remind us why it's important to use stops. That's why

 

[Snuskpelle]

Every so often the market likes to remind us why it's important to use stops. That's why
View attachment 196585

Gotta be lucky to have it narrow enough that you get filled before the real (algo) panic starts.