As JPM put it best earlier today, “It’s Hard To Imagine An Uglier Morning.” And while a direct BOJ intervention shortly after 7 am, one which the local government was non-comittal on…
- JAPAN GOV SOURCE: NO COMMENT IF GOV INTERVENED IN FX MKT: RTRS
… coupled with a modestly better than expected initial claims report, has brought some normalcy back to what initially was a furious selloff, today will likely be one of those days when Yellen will have to come up with a big rabit out of her congressional testimony hat in just over an hour.
For now, here is, courtesy of Nanex, a forensic market-level look at the key events that took place so far this morning:
via Zero Hedge http://ift.tt/1WgfXNJ Tyler Durden