Unbelievable in its arrogance

I am watching the USD/JPY AUD/USD and the EUR/USD now. Post University
of Michigan data which gave a glowing picture of consumer sentiment not
seen since 2007.

There was also several key US data released earlier this week that
likewise painted a rosy picture of the US economy.

Now unless the USD is no longer the currency of the USA, then common
sense and past experience dictates that the USD would be stronger after
such data.

But since this week, these have been sentiments raised using phrases
like anti-US moves against the USD/JPY in particular because the market
movement no longer reflected reality.

In fact, given the volatility post Draghi and Bernanke speeches, it is
extremely unbelievable that the market moves in the manner it is doing
now. I mean the volatile reactions to simple words which were hints or
even vague references were in such magnitude that you get over 100 pips
movement in a few minutes.

Yet this "in your face" data merited a 50 pip or so drop in the OPPOSITE
DIRECTION!

Its extremely disconcerting and I really hope there is a forex
equivalent for insider trading. The Feds and the NFA should already look
into this because this kind of market manipulation has some extremely
sinister implications not only for forex but for the economy at large as
well.