"Something's Breaking" - Yuan Suddenly Spikes To 2-Month Highs

Traders in Asia are bemused as offshore Yuan suddenly spikes by the most in 2 months (following dollar's post-Fed-Minutes breakdown) to 2-month highs...

It seems The Fed's potentially dovish realisation that data-dependence is going to hold them back from their plans to hike rates no matter what is rippling through the world's risk markets as Yuan spikes suddenly and dramatically in Asia trading...

Sending offshore Yuan to 2-month highs..

 

As we warned earlier it seems The National Team are active in stocks...

 

Rebounding once again even as Iron ore plumbs new depths.

As one Hong Kopng based trader said "something's breaking!"

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