Courtesy of ZeroHedge View original post here.
In early Asia trading, offshore yuan has extended Friday’s collapse, testing the lower edge of the PBOC’s Yuan trading band once again.
Yuan traded as weak as 7.1925 against the USDollar…
Source: Bloomberg
Pressuring the weaker end of the Yuan peg band…
Source: Bloomberg
At the same time, USDJPY is tumbling (Yen strength), testing the lows of the flash-crash from early January…
Source: Bloomberg
Spot Gold has exploded higher, testing $1550…
Source: Bloomberg
With gold rising and yuan plunging, the Chinese currency is at its weakest against the precious metal since 2012…
Source: Bloomberg
US Equity futures are reeling with Dow Futures down over 400 more points…
Treasury futures opened up dramatically, implying a 10Y yield of around 1.36% (around 8bps lower in yield).
Source: Bloomberg
And oil prices are plunging…
Turmoil is coming.