Investors Go Nuts For The Yen, Which Surges Near Flash Crash Highs

Here’s more evidence of the rationality of “flash crash” prices.

Remember this wild chart?



It’s the Yen on the day of May 6, when markets melted down, and algorithms snapped up the yen as part of an insta-flight to safety.

Well, here we are this morning. Not the return to old highs.


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