Dollar Flash Crashes
No headlines on the tape for now but suddenly the world wants out of Dollars... (world's FX traders searching for Sikorski and Putin's "sell" button)... It appears led by major JPY buying as someone just puked a huge carry trade (25,000 JPY futures contracts or around $3 billion notional).
USD flash crashes...
Led by heavy volume in JPY (JPY buying or carry unwinds)
Heavy volume in futures...(25,000 JPY futures contracts or around $3 billion notional in the surge)
With USDJPY's biggest drop in 4 months...
Whocouldanode: 50 minutes ago...
FX vol is coming pic.twitter.com/fFJ0t3r2vu
— zerohedge (@zerohedge) August 6, 2014
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