Traders and strategists are still attempting to identify the triggers for Thursday’s flash crash in the $5.1 trillion-a-day foreign exchange market.
- Yen Flash Crash: What Happened and Why – Financial Times
- The Yen-Inspired ‘Flash-Crash’ Is an Ugly Omen – Bloomberg
- The Computers Are Sorry About the Flash Crashes – Bloomberg
FX markets in early Asia experienced what dealers refer to as a “mini flash crash” today as risk aversion levels were ramped up and volatility ensued following a profit warning from Apple.
- ‘Flash Crash’ Moves Hit Currencies as Yen Spikes on Apple and China – Financial Times
- The Twilight Trading Hour Strikes Currency Markets Again – The Wall Street Journal (subscription)
- Sterling Sent Lower after Asian ‘Flash Crash’ Rocks FX Markets – Reuters
- Yen Soars as Investors Seek Safety on China Growth Fears – Reuters
From a melt-up in stocks to a near meltdown, few will have fond memories of 2018.Read More