Loading ...Gold Surges Above $1200 On Heavy Volume As USDJPY, Treasury Yields Tumble
Tyler Durden’s pictureSubmitted by Tyler Durden on 12/30/2014 08:37 -0500
USDJPY has tumbled overnight back below 119.50, dragging stocks (equity futures now at session lows) and Treasury yields with it. But it appears the Gold/Yen trade that is reacting most significantly as a huge volume flushes through futures markets spiking Gold back above $1200…
Yen moved first then Gold reacted to keep the least famous pairs trade alive…