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