Something Snapped – USDJPY Tanks As Stocks Give Up Yesterday’s Gains

Having reached new record highs at the open amid yet another panic-buying scramble, stocks have turned down dramatically this morning (seemingly around the Industrial Production data). VIX is up modestly but as the dollar index weakens, USDJPY has tumbled back below 113.00…
As stocks rapidly erase yesterday’s gains…

This post was published at Zero Hedge on May 16, 2017.