Currency-nado: Yen, Yuan Surge; Gold Tops $1300; Bitcoin Spikes To 28-Month Highs

The US Dollar continues to slide (after bouncing off Fed statement plunge lows), as it appears a rush to other ‘currencies’ is under way. USDJPY is plumbing new depths beyond Oct 2014’s lows (before the end of QE3 and start of QQE2), offshore Yuan is rallying (back below 6.60), gold just hit $1300 (pushing May highs back to Jan 2015 highs), and finally Bitcoin is spiking as China opens once more (now above $700), its highest since Feb 2014. Japanese bonds are at new record low yields (and Treasuries are pushing lower with 10Y at 1.55% near Feb’s flash-crash lows).

from Zero Hedge: 

JGB yields are plumbing record lows…


With 2s5s now inverted!!


And the 10Y Treasury is near flash-crash lows…


As money flows into Yen…


And Yuan…


And it seems its not just ‘normal’ currencies, market participants are running from fiat in general…

As Bitcoin soars over $730 – 28 month highs….


And Gold tops $1300 once again…


Charts: Bloomberg

Read More @ Zero

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