I've captured the charts and will follow up with a more complete update so you know where we are, where we need to be and what are the key assets to watch.
For now, the FX regime is about to turn market positive, the Yen about to give up some gains, the USD/JPY about to gain some (market positive), it looks like the other 2 former carry positions, AUD/JPY and EUR/JPY will be joining in as speculated last night.
Another update is coming, stay patient, it's important to understand where we are.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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