Bitcoin is doing something it hasn’t done in months: moving a lot and going nowhere. The token has spent the past three sessions swinging between a low of $80,963 and a high of $84,061 — a $3,100 range — yet closed Monday at $83,095, almost exactly where it started the week. Daily volume above $30 […]
USD/JPY is trading at 158.57, up gently for the week, and the surface is calm. Underneath, I’m not so sure. The calm before patterns After two violent episodes in three months — July’s crash from 164 and September’s plunge to 152.90 — the pair has spent two weeks in a tight 157.6–158.8 range. Implied volatility […]
Just when the carry community thought the worst was over, the yen delivered another lesson. USD/JPY spiked down to 152.90 on Monday — matching the July low to the pip — before rebounding to close the week at 153.42. The weekly range of 154.99 to 152.90 looks small only because it followed last week’s explosion. […]
Five hundred pips in four sessions. That’s what the yen just did to the dollar. USD/JPY plunged from 160.20 at the end of August to a low of 152.90 on Monday, the fastest decline in the pair since the market turbulence of 2024. It has since stabilized around 157.6, but the damage to the carry […]
Every September, the same thing happens: summer liquidity evaporates, real volume returns, and the FX market remembers how to move. Traders who ignore this seasonal rhythm get run over by it, year after year. The statistical case Historically, September is the most volatile month of the year for G10 FX. The average monthly range in […]