Gold Pops, USDJPY Drops After China Fixes Yuan At Record Low

After 8 straight days up, ripping 8 handles higher, USDJPY is sliding in early Asian trading, back to a 108.00 handle after China fixed the Yuan at an all-time record low. Gold is also rising for the first time after 6 straight down days.

 

Following The PBOC fixing the Yuan at a post-peg-break record low for the first time...

 

USDJPY dropped back to 108 handle...

 

For now, it is entirely irrelevant as S&P Futures surged to a record high, entirely ignoring the carry rollover...

 

Following today's lowest post-Trump volume day, breadth is getting quite scary...