While my (our) focus was in Europe and the United States, the Japanese Yen broke a lifetime high against the US dollar at 75.31 which triggered a unilateral (not joined forces of Central Banks) intervention by Japan.
Hence, the US dollar index rose from 75.19 to 76.40 within 2-3 hours. As a result, high yield assets like equities, commodity currencies and commodities fell. Though this event was on my lookout list, it certainly was off my radar. Hence the saying, expect the unexpected...
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