Mad Dash To Safety?

Judging by FX markets, this looks like a flight-to-safety bid as USDJPY makes new lows along with stocks…


….and bond yields…


…but broad dollar is up as EURUSD falls…


As Bloomberg writes, “USD/JPY fell to a fresh low of 110.93 even as the dollar rose vs most remaining G-10 peers. Dollar-yen undercut by a drop in 10-year Treasury yields and a decline in U.S. stocks, suggesting some haven-related flows, a trader in London said.”


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