AI Exhaustion Into "Summer Storm" if USDJPY does what it’s threatening…

Plus my live Intermarket Analysis from June 26

July Is Bullish, Right?

I know EVERYONE is bullish the July seasonality - as it typically brings the strongest two weeks of the year - but I am still not sure given my warning June 23rd on the ‘reverse yen carry trade’ risk:

“Yen Freefall, Dollar Higher” In Play

WATCH THE DOLLAR
Choppy trading into July 4th with weak July/August on rising $USDJPY risk potential.

And then tonight:

Japanese currency slides to 162.41 per dollar, the weakest level in nearly four decades since 1986.

Will BOJ defend with Bessent’s help? Or is strong dollar the goal?

Rising Dollar Is Deflationary, afterall - and could help drive US inflation lower which would set up a path for no Fed rate hikes.

I dug in to my wonky intermarket, cross-asset analysis for a look on the market’s strengths/weaknesses and risks under the surface. A rare look at how I read sentiment from the technicals…