FOREX New York Session Video February 5, 2008

Several signs identified at the start of today's New York session pointed toward a drop in the EUR/JPY. Terrible numbers from today's early release of the ISM non-manufacturing index proved to be the last straw for the euro yen. Traders who took the conservative entry soon after the open of the session, then stayed with the short trade until London close, secured a 125-pip profit.