Posted by on November 6, 2017 4:24 pm
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Categories: Business Climate change skepticism and denial donald trump Economy Economy of the United States headlines Japanese yen Mirror Monetary Policy Politics of the United States US Federal Reserve Yen

As European markets closed this morning, all bids disappeared from USDJPY and the pair dropped back below 114.00. In its mirror-like manner, gold reflected this tumble and surged above its 100-day moving average over $1280.

 

 

If you’re looking for a catalyst, good luck. Fed’d Dudley was speaking but focused on regulation with no monetary policy comments. No new headlines from Asia/Trump. It seems the closing bell in Europe is all that is needed to panic-buy Yen.

Perhaps it’s just a delayed reaction to the chaos in the middle-east this weekend?

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