GBPJPY Goes Down It’s been another very interesting week in financial markets. We’ve seen plenty of key data releases with inflation and retail sales readings for both the US and the UK along with chatter of possible BOJ market intervention. Commodities and equities prices has been back on the ropes amidst a sharp pick up in bond yields and we’ve seen gold prices falling to new lows on the year. However, chatting with FX traders ahead of the weekend, it seems the move that people are most focused on is the almost 3% drop (just under 500 pips) in GBPJPY. So, let’s take a look at what caused the move and, as always, if you caught it? Well done! If you missed it? There’s always next week.What Caused the Move?