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JPY Surges, EUR Purges As Month-End Flows Spark FXnado
USDJPY is tumbling, cracking back below the 120.00 tractor beam (and catching down to Nikkei 225's decoupling). EURUSD is also plunging, down 100 pips in the last few hours... it appears it is not just EM FX that is seeing volatility increase as The Majors start flip-flopping ahead of Friday's payrolls data..
FX Majors are behaving like The Ringgit...
Is this where JPY is heading?
Charts: Bloomberg
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The Majors start flip-flopping ahead of Friday's payrolls data
The payrolls data is more fake than a $3 bill with Putin's portrait on it
Baghdad Bob was infinitely more truthful than the US BLS. Or Old Yeller.
Nonsense, the government numbers are perfect, rainbows and unicorn pee everywhere......
Rainbows, unicorns shitting skittles...
Come on man, you clearly need to bone up on how "mark to fantasy" accounting works.
I'm old school, I rely on mushrooms and cactus for my insights.....
Damn you Abe, we're going to have to add you and Kuroda to the list of people fucking things up for our prestigious bankers in this world. Print moar bitchez! Kapish?
That's it. I'm not reading anymore articles with the words surging, exploding, tumbling, or nado in the headline.
How about collapsing? Will you read an article with the word collapsing in it?
Not collapsing nor subsiding, crumbling, bumbling, sagging, slumping.
Falling down, caving in, giving way, flagging, frumping.
No, I will not moves my eyes in spots
Where realistic definition rots.
I do not want Green Eggs and Ham.
I do not want them Sam I Am.
:)
As far as I am concerned equities will not have "collapsed" until their valuations have been cut in half.
Fuck all the useless paper-pushers, period.
All massaged into a happy ending...
It's actually kinda fun. I'm wondering how many spinning plates the PPT can keep going.
https://www.youtube.com/watch?v=LtFImsMIl1U
End of QE?