The US markets reopened after an extended holiday weekend Tuesday, and risk aversion seemed to immediately catch with the Dow presenting a key break and the VIX soaring
Cable (GBP/USD) is under pressure again, and nearing a break below 1.1900, as US Treasury yields soar to multi-month highs, boosting an already robust US dollar.
Follow through for USDJPY after its break may prove difficult as neither interest rate differentials nor the Greenback’s ‘risk aversion’ are currently supporting the bullish move