Putting my ECB and Retail Sales view together for a tactical EURJPY short.
Some CPI analysis and a nice chart on Mexico that you might have already seen on Bloomberg or from BofA.
I am not convinced that this move lower in USDJPY will follow through after today.
EURUSD continues to move up and down like a sine wave.
Initial Claims are amazing.
Kanda used the word “urgency” last night, and that is code for “we are a few yen away from intervening.” Maybe he’s looking at the XAUJPY chart.
60/40 NFP is weak, I think. Add to AUD upside.
Corporate month end USD buying is making dollar bears sad today.
September isn’t that bad for equities if August was already bad.
My USD short view is looking hairy. I’m surprised by today’s price action given Powell seemed to deliver a clean bowl right down the center of the lane.
Today’s piece is mostly a guest post from Corbu economist Sam Rines. Focus: MonPolVol.
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