Dollar Dumps Most In 7 Years After Dudley Doldrums

The US Dollar Index is crashing the most since QE1 was unleashed in Q1 2009. Following The Fed's Dudley-isms this morning desperately jawboning some dovishness back into markets, the USD has plunged but the ubiquitous risk-on rally in stocks is very evidently missing as USDJPY soars back above BoJ NIRP levels. Today's plunge is bigger than Dec 2015's ECB fail drop...

 

As Yen soars almost 3% in the last 24 hours, US Index is plunging against all the majors...

 

By the most since QE1 was unleashed in Q1 2009...