That’s what the FX market is calling the new norm for the FX market, a “Bank Station” event!
I suffered last night with my stop in USD/JPY getting triggered above 124.10, where it spent a nano-second, but my whining aside, these gaps are becoming the new norm. Everybody is a price taker when any minor risk event occurs and with the banks increasing unwilling to fulfil this role of price maker, these gaps are going to become more frequent and more intense.
Adjust your trading accordingly.
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