Trading the Markets Intraday Newsletter
by Trader Rich
It’s quiet and thin out there tonight…. USDJPY was bid up through the 118 level and then collapsed and fell 100 pips on no volume. This is end of year no volume moves and there isn’t much to do at this point except wait out the long holiday weekend — preferably flat so it can be enjoyed instead of wondering how a position is going to open up the next day — and get ready for 2006.