Fake report too moves the currency market

I post the price action 1H chart for the EURJPY which shows it crazy reaction on fake report from AP  tweets.  The reports says that,

Traders worldwide were worried and made a haste judgement by shorting the pair. After a moment, AP  realized that the so called breaking news was fake. It was posted by somebody after it gain access to AP journalist twitter accounts by hacking and made this remark.  After realizing it, AP quickly deleted the tweets and suspend all its Twitter accounts. Did anyone benefited from this?  I think there might be few.  Whoever shorted this pair should gain at least 100 pips if target profit met.  Soon, all traders realized that it was a fake and made correction pushing the pair to its original level. Bad news for those who have stop loss in those price ranging from 129 - 128.23.  It is now investigated by FBI and hopefully the culprit is nabbed quickly.

USDJPY abandoned 100

I was hoping for the pair to reach 100.00 and past it, although this did not happened. The pair instead headed to south. But need not worry, it will come back again because did past below 99.00 but retrace in rejection of further slides. I can see from the 1H chart that the stochastic is just trying to gear itself to the northern direction and soon all traders will be weighing this pair and hopefully be able to past 100.

Hence, it would open a new opportunity for me to make an entry this day.  Again I target for round number 100. I see that from fundamental view, it would not be swayed by reports coming from US and Europe because not so many high rated report coming as can be refered to Forex Factory website.

USDJPY bullish signal, skyrocketed

 

From chart above, the buy signal triggered.  The price closed above EMA8, stochastic shows bullish momentum.  I made a few buy position before, but price action was going downward instead.  Luckily I saw a concrete buy signal, I entered buy position again targeting 95.00.  With the help of the news that BOJ will go for bond buying program, the USDJPY pair skyrocketed to 94.00 to 95.00 then 96.00 and then 97.00 as shown by chart below.

 

 Will USDJPY pair skyrocket again this night?  Probably yes, because this night the US Non Farm Payroll will be released.  Hopefully, can bag few hundred pips this night.