Massive moves overnight in pretty much everything. The USD rebounded strongly against all of the majors except the JPY as commodity and precious metal prices made huge corrections. The question now is whether this was a very sharp correction or the start of a medium term rebound.

Japan returns today after a 3 day holiday and we can expect some volatility as uncertainty has returned to the FX market; the one-way street has been opened to two-way traffic.

Good luck today and TGIF.