GBPJPY rallies 160 pips, back down
The USDJPY and JPY crossed just took a run to the upside.
The USDJPY shot up about 48 pips. The GBPJPY did 160 pips within a 5 minute bar. The prices are back down with the USDJPY giving back 35 pips as I type. The GBPJPY has retraced about 100 of the 160 pip run up.