FOREX New York Session Video October 16, 2007

Comments today by Japanese MOF officials sparked a lot of movement in early London trading today. The AUD/USD, for example, dropped more than 180 pips in about 30 minutes. New York traders, some of whom might have felt that they missed a golden opportunity, didn't need to dwell on the past for very long. Another 40 to 60 pips [depending on the entry] were available to those who stuck around for the Aussie's second act.