Watch for more major flows after the NY close and into Tokyo open
Many big global macro players run their strategies off NY closing level prices. Many will be forced into big re-positioning after yesterday’s events so we could see massive flows in EUR/CHF, Gold etc.
EUR/CHF has started to dip again in the last few minutes in expectation of these flows.
The JPY crosses will also be very volatile with Japanese investors bailing out so be careful trying to pick bottoms in USD/JPY today.