Today’s drop could have had NOTHING to do with rumors regarding the FED’s QE and everything to do with loss of confidence in Japan/BOJ and most likely general central bank policy:
Looks like interest rates are going up for Japan Government Bonds…a previous post about the potential loss of confidence in central bank policy is here: Insanity…
10:00 pm: Yen is collapsing and JGB are too…as Japan rates go up…destabilizing to say the least.
1:00 am: JGB Free fall as Japan breaks its own bank…but no different from the FED, ECB or most any other central bank and thei suicide mission so far this year.
