What on earth happened with the Yen?

Loads of /JPY pairs were affected on Thursday and Friday. There's hardly anything I can find on this in mainstream media. It's either the Yen went south or 'everybody' else decided to power up their respective other currencies.

I don't know what exactly happened. If anybody else knows do share with the community.

Comment:

Chatter in the econosphere from pretty reliable sources, reveals a possible explanations. There are mixed messages coming through so please be aware that I cannot report reliably. (Do your own research):
1. China trade deal was thought to be in sight.
2. Then it was realised it could be delayed by a further month.
3. The deal so far makes for 'reciprocal', 'unilateral', and 'retaliatory', 'countermeasures'
... what the devil sort of a trade deal is that?!

Sounds more like an agreement for a trade war if you ask me. But then again, nobody is asking me! LOL

Stay tuned folks get your popcorn ready - and keep your accounts safe.. we could see crazy volatility on 15 min to 2 hour time frames over the next few days.

Comment:

For new traders note:
1. The China trade deal will affect both stock markets and forex pairs.
2. US Markets are broadly inversely correlated with USD, /JPY and AUD/ pairs.
3. NZD pairs tend to react violently and unexpectedly when there is heightened volatility in the others.

Comment:

Japanese economy seen as a casualty of the deal with China - if it happens to be one favourable to the 'dynamic duo'. LOL! Hence - possibly a reason why the Yen did an initial nose dive.