Central banks will be under pressure to respond to rising yields this week and the RBA kicked it off by doubling its daily bond purchases, dropping the 10-year by 30 basis points. Last week, the US dollar was the top performer, but today it's mixed, as AUD, CAD and NZD lead the flows. CFTC positioning showed some speculative love for the pound. Ashraf lays out 3 charts below that will increasingly rule the FX order in the months to come--especially in USD-pairs. Get your eyes to habituate themselves looking at them.
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Latest Hot-Chart - Feb 27
Analog of USDJPY Net Longs Breakdown
The prolonged ascent in USDJPY remains fortified by the technical breakdown in net JPY futures longs (inversely related with USDJPY pair) shown in this striking analog from Q4 2016.
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