How FX Algos Saw The Overnight Chaos

"Crash" is the new normal in FX markets it would appear. As the following charts show, first we had AUD turbulence, then EUR crashed, and now JPY is continuing its cataclysmic carry-trade-driven push for hyperinflation as it pushes to 114 - a stunning 6 handles collapse since the FOMC statement...

First AUD then EUR plunge...

[4]

Then JPY keeps sliding against everything...

[5]

AS USDJPY continues to collapse - now 6 handles since FOMC

[6]

Source: Nanex @NanexLLC