NZDJPY moves up 100 pips in 5 minutes and then down 200 pips in 5 minutes on “no news” news

By April 28, 2016Uncategorized

The NZDJPY pair increased 100 when the New Zealand Central Bank left monetary policy unchanged (no news) and then NZDJPY decreased 200 points when the Japanese Central bank left monetary policy unchanged (no news).

Of course both Central banks were expected to loosen monetary policy (lower interest rates directly or indirectly) and so their inactions was actually news!