Algos have been given the green light by VIX, oil and especially currencies – which present an incredibly bullish picture courtesy of a signal which hasn’t failed in at least 20 years. 
But, the coronavirus is a different kind of threat with enormous implications. USDJPY’s improbable breakout smacks of desperation. Will the algos really behave themselves and get with the program or is this just another head fake to distract from the huge correction the bond market says is right around the corner?
Buckle up.
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