The soft patch wasn’t particularly soft and now we’re ready to rip again
A series of short bursts of prose each discussing a separate topic
USDJPY is on the edge of a precipice but needs a macro push from the data
Micro USDJPY buying, macro watching France, traders watching NVDA
I don’t think that either French politics or Lisa Cook’s firing are tradable.
I might have overinterpreted Powell because the price action was so mad
Zooming out a bit to look at AI, labor supply, and bubbliciousness
Powell can stick to wait-and-see. RBNZ might say they’re done cutting.
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