Tuesday's GBP action

Beginner Questions
1

I had a small position in GBP/JPYgoing yesterday. At about 6PM PDT (9 Eastern) the price dropped from 158.72 to about 158.19, all in about a minute. Then, during the next few minutes it rose back up, and continued on to about 159.20. As it was 1 am in London there was no announcement that could have been the cause, but I looked on a Forex calander anyways—a big nothing. This action took place on all the crosses that involved GBP. Anyone have a clue as to what caused that??

Potaire

2

Yesterday the Payrolls announcement created a lot of volatility with the save heaves, since the results were worst than expected… I don�t trade news because it�s too crazy, but I think that your movements probably were caused by the unstable demand for the jpy�