Usd/Jpy: Missile News Impacts Pair

Last night when I posted my trade I was surprised when the Yen took a sharp drop and I got stopped out of my trade. It is not like I am the best trader and that never happens to me but I just wondered why? So I looked at Forex Factory for the news releases and no major impacting negative news was released. So after that I just let it go and went to bed. I figured it must be some major investors moving the price during slow trading hours.

Today however I was reading articles and some of my favorite Forex blogs like I always do and I found a post on Forex Trading Blog about the North Korea Missile Launch. That impacted Japan and that was why the price moved so rapidly in such a short amount of time. I wanted to share that with my readers and anyone else because that was an interesting development and we must remember that world events do have a tremendous impact on currency trading.

I would like to thank Forex Trading Blog for the good work and keep those articles coming. Also here is a link to the news story about the missile test.

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Casey Stubbs is the founder of Winners Edge Trading, which is one of the most widely read forex sites on the web. Winners Edge Trading has trained thousands of people to trade the Forex markets.

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