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JPY Surge Sends Japanese Stocks Reeling

Tyler Durden's picture




 

The volatility in JPY crosses has been considerable since the start of the new year - likely sending many carry-trade-driven risk manager's to the trading floors. USDJPY just broke back below 104.00 for the first time since 12/23, dragging the Nikkei 225 to its lowest level since the Taper. Notably, the Nikkei - having almost caught back up to the Dow on Boxing Day - is now at its cheapest in a month. The Nikkei is down 300 points from tofsay's highs (tripe that of the Dow).

USDJPY at its lowest since 12/23 (i.e. JPY at its strongest)

 

For now, US equities are holding up post the EU close (as carry gets sold)...

 

Which has slammed the Japanese stocks back to their cheapest relative to the Dow in a month...(and eradicated all the post-Taper gains)...

 

Charts: Bloomberg

 

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Mon, 01/06/2014 - 14:14 | 4304904 slaughterer
slaughterer's picture

I am still scratching my head on this "post-taper gains" idiot spin.

Mon, 01/06/2014 - 14:28 | 4304968 Soul Glow
Soul Glow's picture

I'm still scratching my head on the "economy was fixed in the summer of '09" idiot spin.

Mon, 01/06/2014 - 14:28 | 4304970 max2205
max2205's picture

BTFD!

Mon, 01/06/2014 - 14:27 | 4304957 Soul Glow
Soul Glow's picture

They're really having trouble out there, ain't they?

It'll be funny when not even POMO can save them.

Bernanke can't get off this sinking ship fast enough.

Run, rats!  Run!

Mon, 01/06/2014 - 14:27 | 4304961 The Heart
The Heart's picture

BIG RADIATION EXPOSURE ON THE ALEX JONES SHOW RIGHT NOW!!!

http://www.infowars.com/listen-on-the-internet/

Mon, 01/06/2014 - 14:27 | 4304964 monopoly
monopoly's picture

Getting a little scary out there.

Mon, 01/06/2014 - 14:31 | 4304965 CcalSD
CcalSD's picture

It's 1:30 EST, where's my POMO!??

Mon, 01/06/2014 - 14:48 | 4305026 konputa
konputa's picture

Lovin' these typos:

(The Nikkei is down 300 points from tofsay's highs (tripe that of the Dow)." 2 misspelled words in one sentence.

Spot on about the Dow being tripe. We can all agree on that.  

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