Tags » Yen

日本 redux

Well, I’ve made my way back to Japan. It’s been almost 10 years since I was last here (I came back to the States in May). 1,952 more words

Travel

Worst Loss in Decades Has Japan Shunning U.S. Debt at Wrong Time

Bloomberg has a nice piece on Japan shunning US Treasury debt.

The last time it was this cheap for Japanese investors to buy Treasuries and hedge away currency risk was two years ago, when they were piling in and pushing holdings to a record high. 1,025 more words

Banking

It's Falling Apart: Reflation Trade Shrivels Up And Dies As Markets Sour On Risk

Well, the dollar is under pressure on Monday, just as we said it would be on Sunday evening.

The Bloomberg Dollar Spot Index fell as traders digested the failure of the GOP health care bill on Friday. 712 more words

10Y

"Traders Have Lost Confidence In Their Ability To Trade," Trader Says

Things should have been worse on Friday for markets. Probably a lot worse.

But Tuesday aside, you get the feeling that everyone is so traumatized by the tendency for bouts of volatility to quickly “mean revert,” that no one wants to make the trades they know they should be making. 449 more words

S&P 500

Mind The Cross-Atlantic "Gaps": Your Week Ahead Preview

Earlier, we talked a bit about Donald Trump’s waning political capital and the extent to which rising policy uncertainty in the US and declining political risk in Europe may ultimately lead to a narrowing of rate differentials, painting a bearish picture for the dollar. 1,367 more words

Trump

"Trump's Political Capital Is Getting Consumed": One Simple Trade Idea For The Week Ahead

Think about the events that transpired over the last two weeks. Now think about them in terms of the following two frameworks for how things could have gone. 571 more words

Dollar