$2848 in 14 minutes

Reaction to Slump in Chinese Stock Market

On August 24 2015, a significant slump in the Chinese stock market occurred. This day has already been labeled as 'Black Monday'. A slump in the stock market was about 8%. Upon US stock markets opening, traders succumbed to panic, which also strongly weakened European and US stock markets that fell 6% in one trading day.

The USD/JPY currency pair dropped by 356 pips in 14 minutes, which allowed to make $2848 by a sell position, with trading one lot.

Reaction to Slump in Chinese Stock Market

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