Something Just Snapped In FX Markets
From zerohedge.com
The dollar index is suddenly legging lower again this morning as USDJPY snaps back below 107, taking out last week's lows. A chaotic overnight session, thanks to Navarro, but Yen is bid now with some market chatter about Softbank's flows... {image} Pushing yen back to its strongest against the dollar since early May... {image} This jump in yen sent the dollar lower again... {image} And gold is gaining on the dollar weakness... {image} Interestingly the trend in the last two years has been yen devaluation... {image} ...but the last month or so has seen some attempts at stabilization... {image} We do note that Fed's ...
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