Four charts that perfectly capture this week. Illiquidity, a little fear, and very suggesting symmetry dollar to yuan, or China much more than China.  Needless to say, not a constructive ending with which to start next week (more here, subscription required).

ABOOK Jan 2016 Big Trouble Eurodollar June 2018
ABOOK Jan 2016 Big Trouble CNY WTI

ABOOK Jan 2016 China JPY Trouble ABOOK Jan 2016 China HIBOR3m