CADJPY March 15, 2011

This is a trade I did not enter but I just saw that JPY was strong against the majors and CAD was being sold incredibly almost at the same time and if you look back you can see two places for entries at least using a simple moving average.

The crisis in Japan with the Nuclear Reactor at Fukushima has led the Bank of Japan to take measures to backstop any fleeing of investors offshore with an influx of Yen into the market.  And this has for the interim bolstered the Yen by keeping money in the country and even attracting speculators to buy.   But their stock market continues to decline and if you look at correlations between their indexes and the currencies this may not last forever.

Incredible moves on all JPY crosses today really.

Did anyone else catch any good moves?