Correct, everything right has to do with Bank of Japan moving to strengthen ¥ as it has lost over 40% of its value over the last 3 years. Many people using it a

Correct, everything right has to do with Bank of Japan moving to strengthen ¥ as it has lost over 40% of its value over the last 3 years. Many people using it as an interest free loan to trade are having to quickly unwind positions. This of course creates a temporarily unstable market that’s highly volatile as it finds equilibrium. I expect the FED to announce a 25 basis point cut this week.