The biggest market in the world - foreign exchange - is having some issues here. Wherever you look, trends are snapping hard and levels are gapping. EURUSD is down 1% from Friday back below 1.31 (a 240 pip swing from pre-Italy levels); EURJPY has collapsed to one-month lows; EURCHF is heading the wrong way for the SNB; and carry trades are lifting in rip your face off mode. "That escalated quickly..."
EURJPY collapsed...
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and wherever you look things are gapping...
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And overall against the USD - it is getting a little jumpy...
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Charts: Bloomberg