Originally posted at forexfactory on August 9, 2011
If everything you need to know is already reflected in the price, then how do you explain news releases affecting the market?
Back on August 3, USD/JPY was trading at 77.10 at 9pm EST. One minute later it was trading at 77.50. Looks like price was missing and was not reflecting something.
Just wondering how you explain it and rationalize it.
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