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.
The EURJPY ran up about 60 pips and has retraced about 40 of those pips.
No clear reasons can be seen for the spikes.
