Let's be honest: every time $USDTRY or $USDZAR rips 500 pips, half the thread was caught flat-footed. You can blame the central banks, the h

Let's be honest: every time $USDTRY or $USDZAR rips 500 pips, half the thread was caught flat-footed. You can blame the central banks, the headlines, or the algos all you want - but the real tell was sitting in plain sight. It's the money. Somebody's money was already moving before the chart did.That's the whole game with exotic pairs. They're small markets, so they're flow-driven. A few hundred million dollars of real money can drag $USDMXN around like a dog on a leash, while $USDTRY sits on a minefield of hot money waiting for the next trigger. Learn to read...