US equity markets are volatile this morning but appear to have now entirely decoupled from USDJPY as it careens headlong to new 5-year highs running stops to 106.00. US Treasury yields are tracking the collapse of JPY closely since the US open. EURUSD is also plunging (as did GBP this morning). Abe will be happy as JPY collapses so Nikkei futures surge... is this 'great rotation' from every asset in the world into the Alibaba IPO?
The USD is surging...
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with EURUSD at 14-month lows and a 1.28 handle...
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US Stocks decoupled from JPY carry... TSYs dumping wiuth JPY...
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catching down to Friday's dismal data...
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and The S&P has lost 2,000 again...
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But Japanese Stocks are exploding...
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Who could have seen this coming?
come on USDJPY. 106 or bust
— zerohedge (@zerohedge) September 8, 2014 [10]
