dianajs posted: I try to avoid trading around big high-impact events to avoid that exact situation.
it depends ,in that case the news triggered the fall,but hollidays is no a good period to trade,80% of traders are on the sideline for 2 weeks or so ,so no money influx going on ,already that the market has not behaved the same since the euro crisis it adds up at the t crazyness of it,here is why the pair started going long again
Some volatile action in the JPY following the BOJ Meeting and a decent sized selloff in US stocks were the main focus on Friday. The US$ was otherwise a little softer against both the EU majors and the commodity bloc (with the exception of the CAD, which suffered another beating after reaching 1.4000 on the back of the soft oil price), which took advantage of higher prices in the metals.
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