JPY/USD - FX Accident in Trade - Carry Trade Unwind Evolving
We indicated there would be an "FX Accident" several months ago as the YEN Carry would begin
to Unwind.
The GBP and CND Cross as well as the USD has been under duress for weeks.
Dollar Strength, we indicted the 97s could come into to Trade - is occurring.
Simply put, the accidents compound, as Yields rise the DX will gain strength.
Nothing has changed and our Thesis has been proved to be correct.
to Unwind.
The GBP and CND Cross as well as the USD has been under duress for weeks.
Dollar Strength, we indicted the 97s could come into to Trade - is occurring.
Simply put, the accidents compound, as Yields rise the DX will gain strength.
Nothing has changed and our Thesis has been proved to be correct.