Just as last week ended, with a relentless meltup in the exponentially rising US dollar, coupled with a collapse in cable, the yen, yuan, euro and so on, not to mention stocks and bonds, so the new week begins only this time the moves are even faster, even more brutal and even more acute, as we approach the breaking point. Case in point, after starting modestly higher, the meltup in the dollar accelerated, as the Bloomberg dollar index exploded to new all time highs... {chart} ... facilitated by a yen whose plunge made a mockery of Thursday's multi-billion BOJ intervention... {chart} ... and is forcing Kuroda to sell ... (full story)