USDCNH Soars, S&P 500 Diverges from Chinese Markets, USDJPY Falls Short Again

A fundamentally packed week has already opened to significant volatility. Yet, the activity of the S&P 500 and Dollar have bowed to the volatility of the USDJPY and Chinese equity markets. That skew in activity may not last for long with FAANG earnings, key economy growth readings and ECB rate decision ahead.