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:

image

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

image

As gold struggles:

image