Intraday Market Thoughts
Yen's Yield Intact
by
Oct 8, 2013 17:54
Back in April, I wrote a letter to the Financial Times “It is premature to claim the end of the yen's safe haven” arguing against Axel Merk's statement that the yen no longer served as a safe haven during volatile markets. Not only I proved the yen rose during 2 clear episodes of falling equities in February and April but it continues tp do so as equities hesitate on US policy paralysis. This brings back the old positive relationship between bond yields and the yen. Those wondering about treasuries' rising values (and falling yields) despite the ongoing shutdown ought to consider the implications of lost salaries to over 500,000 govt worker and the consequences for consumer demand.
Today's Premium Insights broaden the yen trades from CADJPY into USDJPY, while reopening the tap on GBPUSD. EURUSD remain in progress as do AUDUSD and AUDCAD trades.
Latest IMTs
-
Yellen Drops Strong USD Policy
by Adam Button | Jan 19, 2021 18:10
-
Selling Facts & DXY Positioning
by Adam Button | Jan 18, 2021 18:16
-
What's after the Stimulus?
by Adam Button | Jan 15, 2021 14:40
-
موعدنا بعد ربع ساعة في غرفة شركة إكس أم لجلسة الأسواق
by Ashraf Laidi | Jan 14, 2021 14:39
-
Escape Velocity
by Adam Button | Jan 13, 2021 13:13