Still waiting on the Bank of Japan announcement ...
Its normally out sometime in the 0230-0330GMT time window ... though the more they have to discuss and debate (perhaps about a change in policy) the later it can be.
But, while we wait.
Yesterday the AUD/USD surged about 8 seconds before the official release of the RBA decision.
There are two camps ... one saying there was a leak (I'm in this camp, its the 3rd time in a row!), the other saying that the move was just buying during the very thin liquidity pre-announcement time. Oh, there's a sort-of 3rd camp saying its all HFT and algos getting a jump on the market. Given HFT is normally about a thousandth of a second or so ahead of the rest of the market I gotta give them kudos for getting in 8 seconds early ... they've obviously perfected time travel, yeah?
OK ... Well, what if the RBA didn't give a time for the release, instead giving a window during which its due? Would this make any difference? Genuine question. Thoughts welcome in the comments.
