USDJPY is surging for the 6th straight day, up 1% today, the most in 5 weeks, following Kuroda's debacle and the plunge in cable. Breaking above its 50-day moving average, USDJPy has spiked up to September Fed highs and at the same time, gold is tanking (back below $1300 for the first time since Brexit). Stocks are ignoring the typically bullish drop in Yen for now…
Yen is dumping…
And so is gold…back below Sepot FOMC lows…
Breaking back below $1300 for the first time since Brexit…
But JPY carry is not helping US stocks…
As Nov and Dec rate-hike odds hover near record highs…
via http://ift.tt/2dogdzV Tyler Durden