Something Just Snapped In FX Markets

The dollar index is suddenly legging lower again this morning as USDJPY snaps back below 107, taking out last week’s lows.

A chaotic overnight session, thanks to Navarro, but Yen is bid now with some market chatter about Softbank’s flows…

Pushing yen back to its strongest against the dollar since early May…

This jump in yen sent the dollar lower again…

And gold is gaining on the dollar weakness…

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