As JPY strengthens on risk-aversion among the carry crowd, Gold spiked up to its highest since June 7th (at $1,407.42), but that level cannot stand, and certainly not the upward price momentum, so it was smashed back down in an almost perfect replay of last night's "action" back under the all-important $1400.
Still doubt that Mikael is having a fun time? Here is his BBG profile (green means busy clicking away at his desk), but perhaps most telling is his date of birth.
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