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A Little History…

 

For those of us old enough to remember, a little history to inject into today’s collapse from Pat Pisapia…

Oct 6, 1998: spot USD/JPY trades from 134.25 down to 130.03 (down 3.15 % on the day)
Oct 7, 1998: spot USD/JPY trades from 130.25 down to 121.30 (down  6.8 % on the day)
Oct 8, 1998: spot USD/JPY trades from 121.45 down to 111.85 (down 7.9 % on the day)

Today USD/JPY has traded from around 105.42 to 101.60 as I write (down 3.62% on the day).  What does tomorrow hold?

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2 Comments

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