The first reactions to Comey’s re-bombshell were in currencies with the Mexican peso soaring back below 19/$ and USD/JPY spiking to 104.00. Equity futures spiked on the open with Dow soaring 200 points back above 18000…
It appears the rumors were correct on Friday…
Notably the initial spike down in USD/MXN is being bought back a little for now…
USD/JPY knee-jerked back above 104.00 (one week highs) as risk-on bets piled up…
Implicitly the yen carry move squeezed a relief rally into US equity futures… Dow +200
Nasdaq Futures broke above their 100DMA at 4711…
But while the peso has unwound all of the post-Comey crash, stocks are still down (for now)…
And Gold dropped back beow $1300…
But gold remains the biggest winner post-Comey…
