Once European markets closed, US equity markets gave up any correlation with JPY crosses and began to fade. After bouncing off early Nasdaq-Biotech-driven lows, a ramp of AUDJPY saved the European close but that was it. There does not appear to be any news catalyst to drive this dump as Quad-witching pumps are unwound. The S&P 500 and Russell 2000 jooin the Trannies and Nasdaq in the red from the FOMC statement.
Stocks now red post -FOMC...
[6]
As The European close appears to have been the tipping point...
[7]
VIX is rolling back higher (inverted below) and catching up with stocks drop...
[8]
As the yield curve continues to collapse...
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