Japanese ‘markets’ are total disaster tonight…
Liquidity is gone… as another 104.00 run breaks…
Yen futures again show the surge in volume…
“There was no visible news, but markets are nervous ahead of the BOJ meeting,” said Yuji Saito, Tokyo-based head of the foreign-exchange department at Credit Agricole SA.
This siwhat happens when everything becomes binary – based on a handful of ivory tower academics fumbling in the dark.
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