The copper crash has also impacted adversely all commodity currencies, and NZD, CAD but mostly AUD all fell against all major peers. Here is the AUDJPY tumbling to the lowest since October.
The flight from, well, all commodities was also evident in JPY crosses after the USD/JPY tumbled below 117, the lowest since December 17, dragging the E-mini lower with it.
And now we sit back and see if Draghi’s “whatever it takes” OMT has been deemed illegal, or, instead, if the ECJ finds it legal and begins a full blown political war with Germany.
This article is brought to you courtesy of Tyler Durden From Zero Hedge.