{"id":34155,"date":"2019-04-25T00:22:55","date_gmt":"2019-04-24T14:22:55","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=34155"},"modified":"2019-04-25T15:39:28","modified_gmt":"2019-04-25T05:39:28","slug":"warning-potentially-hazardous-market-conditions-japanese-golden-week","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/warning-potentially-hazardous-market-conditions-japanese-golden-week\/","title":{"rendered":"WARNING: Potentially hazardous market conditions &#8211; Japanese golden week"},"content":{"rendered":"<p><b>Dear Trader,<\/b><\/p>\n<p style=\"font-weight: 400;\"><strong>WARNING<\/strong>: Potentially hazardous market conditions &#8211; Japanese golden week<\/p>\n<p>Japan has an extended spring vacation, \u2018Golden\u00a0Week\u2019, from 27th April to 6th May. This will be the longest market closure since the end of World War II, creating potentially hazardous market conditions due to the low liquidity expected across all markets during Asian hours.<\/p>\n<p style=\"font-weight: 400;\">Low liquidity, especially during Asian hours, can create extreme market movements aka \u2018flash crashes\u2019. Recent examples of these include:<\/p>\n<ul type=\"disc\">\n<li class=\"m_-7488004726423511938gmail-m_-2372724218505599700MsoListParagraph\">3<sup>rd<\/sup>\u00a0January 2019 &#8211; JPY crosses +10%<\/li>\n<li class=\"m_-7488004726423511938gmail-m_-2372724218505599700MsoListParagraph\">7<sup>th<\/sup>\u00a0October 2016 \u2013 GBP crosses -10%<\/li>\n<\/ul>\n<p style=\"font-weight: 400;\"><strong>What does this mean? \u00a0<\/strong><\/p>\n<p style=\"font-weight: 400;\"><u>There will definitely be lower liquidity during Asian market hours.<\/u>\u00a0This will mean really slow markets and wider spreads during Asian hours with the potential for extremely fast-moving markets and extreme price moves.<\/p>\n<p style=\"font-weight: 400;\"><strong>What should you do?\u00a0<\/strong><\/p>\n<p style=\"font-weight: 400;\">IC Markets urges all its clients to take precautionary measures\u00a0<u>before the holidays<\/u>. This includes assessing and reducing risk exposures, setting stop levels, especially on JPY crosses. Furthermore, additional funding may protect clients from large adverse movements in the market.<\/p>\n<p><span style=\"color: #000000;\">In order to protect clients from poor liquidity &amp; sharp adverse movement, IC Markets reserves the rights to change the leverage on all symbols, without giving further notice, should the need arise.<\/span><\/p>\n<p><span style=\"color: #000000;\">We will carefully monitor market conditions, and should there be any further changes, we will contact you via email, the trading platform, or post changes on our website.<\/span><\/p>\n<p><span style=\"color: #000000;\">If you have any questions or require any assistance, please contact one of our support team members via<\/span> <a href=\"https:\/\/secure.livechatinc.com\/licence\/1605601\/v2\/open_chat.cgi?groups=0\">Live Chat<\/a>, <span style=\"color: #000000;\">email:\u00a0<\/span><a href=\"mailto:support@icmarkets.com\">support@icmarkets.com<\/a><span style=\"color: #000000;\">, or phone +61 (0)2 8014 4280.<\/span><\/p>\n<p><span style=\"color: #000000;\">Kind regards,<\/span><br \/>\n<span style=\"color: #000000;\">IC Markets<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dear Trader, WARNING: Potentially hazardous market conditions &#8211; Japanese golden week [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":34156,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[340,339,197],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/34155"}],"collection":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/comments?post=34155"}],"version-history":[{"count":6,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/34155\/revisions"}],"predecessor-version":[{"id":34175,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/34155\/revisions\/34175"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/media\/34156"}],"wp:attachment":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/media?parent=34155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=34155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=34155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}