Yen will strong again.. its a forex trading, Biggies already made a big profit.
Is It Beginning? Biggest JGB Price Collapse In Over 10 Years Triggers TSE Circuit Breakers
Just over 4 hours ago we discussed the stunning collapse in 10Y Japanese bond yields. Since then - things have taken a very dramatic turn for the worse for bonds. 10Y JGB yields have exploded higher. The move from 32bps to 65bps triggered circuit breakers on the Tokyo Stock Exchange in JGB Futures trading as JGB prices plunged by their largest amount since September 2002. We can only imagine there is liquidations galore occurring given the massive outsize moves we are seeing in Japanese bonds, stocks, FX, swaps, and CDS. Did the BoJ just lose control? Now that is a reversal!! Biggest price drop in JGB ... (full story)