Evaluating movement

Beginner Questions
1

Hi guys. I just started my forex studies and I wanted to ask about this mornings movement. Eur/usd shot up 60-65 pips really fast this morning then slowly floated back down to the 1.3115 level.

Was this very specific sudden growth quantified by anything? Looking at the morning news calendars I see the us manufacturing report was drastically short even tho all the calendars I checked have it ranked as a low market influencing statistic. Could that have been enough to influence such a quick up down?

Thanks guys. I’m just trying to make sense of what’s causing specific movements.
Ciao.

PW

2

There was some speculation that the BOJ will up its monetary accommodation to try and keep pace with policy announcements in the US and Europe but beyond that, we’re not picking up much.