And now what in the world is going on with the usdjpy one wonders- still below 147 but only just. Given how much equities keep tanking one would have thought the pair being given to at least two big figures lower. Safe haven likes Fondue over Ramen I guess !
And now what in the world is going on with the usdjpy one wonders- still below 147 but only just. Given how much equities keep tanking one would have thought the pair being given to at least two big figures lower. Safe haven likes Fondue over Ramen I guess !
USDJPY stays bid because US 10Y stays bid...
The fact the 10Y yield has not crashed is … ALARMING!
Translation:
1. Treasuries getting sold by Asia et al.
2. Trump escalation with Iran keeps yields bid.
3. Inflation isn’t falling like they want us to believe.
4. US credit is about to deteriorate.
5. Trump’s policies suck.
Oh dear !