Gavekal Capital: The Yen Carry Trade Rules The Day (Again) as USD Gains and Gold Tanks

Thursday, January 30, 2014

The Yen Carry Trade Rules The Day (Again) as USD Gains and Gold Tanks

The JPY/USD cross is once again going tick for tick with S&P 500 futures as investor appetite for risk did a 180 overnight:

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With the euro selling down to 1.355 vs the USD, the USD is the big winner on the day:

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As gold struggles:

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