FOREX VIDEO | NEW YORK SESSION REVIEW | May 15, 2009

Some recent economic green shoots have been turning brown, but not all. Results from the New York Fed's Empire State Manufacturing Survey in April suggested less bad conditions for a second straight month, sparking renewed pressure on the Japanese yen. Within minutes of the news release, synchronized pullbacks on the yen crosses provided long trade entry opportunities the best of which was a 100-pip scalp on the GBP/JPY currency pair. London close brought another 100-pip trade on a currency pair not known for such moves...watch the video to discover the clues which pointed to it.

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