US dollar implodes as stocks fall

The stock market is slipping but a huge stop just hit in USD/JPY below 99.00, sending it all the way to 98.39. There is no fundamental news behind the drop. To me it looks like huge buy orders went through on the technical breakout in USD/JPY and they had stops at 99.00. The tumble in the stock ma…

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US dollar implodes as stocks fall

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