by Chris Becker
Some epic volatility in the FX market at the moment with Yen moving both Aussie and USD around:
This is very troubling indeed, with the lack of liquidity as key levels are taken out really showing how volatile and dangerous the FX world really is – and why most traders don’t hold positions overnight!
No news event to precipitate such a fall either, which is doubling troubling, although the China slowdown narrative (via the latest Apple missive about its Black Mirror sales in the Middle Kingdom) has some legs, its not enough to explain….this….
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