“The spread between the 2 month VIX future and the 8 month is converging, just as it did Pre-Brexit. This is a classic stock market volatility spike early indicator. Get long and stay long volatility over the next two weeks.”
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Dollar Yen has become a classic risk off and on indicator. As the news broke moments ago, she turned “Risk-On” in a big way.
*FBI’S COMEY SAYS CONCLUSIONS ON CLINTON REVIEW UNCHANGED
*USD/JPY EXTENDS GAIN TO 1% AS FBI LETTER SEEN BOOSTING CLINTON
The FBI is sticking to its conclusion that Hillary Clinton’s handling of her e-mails as secretary of state wasn’t a crime, the bureau’s director James Comey said two days before voters decide whether she should become the country’s first woman president.
Weaker yen vs the dollar speaks to “risk-on” tomorrow across global markets.
*USD/MXN DECLINE CONTINUES TO 2.3%; 200-DMA SUPPORT AT 18.4103
The Mexican Peso is surging against the U.S. Dollar. Strength in the peso have been a positive Hillary Clinton political risk indicator in recent months.
FBI Comey Letter to Congress