Gold Tumbles Below $1300, Yen Crashes As Fed Rate-Hike Odds Rise

by Tyler Durden
ZeroHedge.com
Oct 4, 2016

USDJPY is surging for the 6th straight day, up 1% today, the most in 5 weeks, following Kuroda’s debacle and the plunge in cable. Breaking above its 50-day moving average, USDJPy has spiked up to September Fed highs and at the same time, gold is tanking (back below $1300 for the first time since Brexit). Stocks are ignoring the typically bullish drop in Yen for now…

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This entry was posted on Tuesday, October 4th, 2016 at 10:36 am and is filed under Economics. You can follow any responses to this entry through the RSS 2.0 feed.