At 7:30 am new york time we'll get some bump....retail numbers for the US....this is clobbering Japans older population, they are the most retired population in the world( fixed income), their stock market tanked 6%
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In these situations we get reliefbut then a three wek period of consolidation that whipsaws well.....we can play that, just beaware that's what the market will give us.
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Surely we'll get a retail number better than 1.5%...or it's going to hurt Japan. the larger central banks have to act...they've been just sitting, that's why the smaller countries had to do historical intervention the last two days.
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Yen like 90 to 96.50 or so....unless 93 holds....then 93-97 at first....flows show that sovergn wealth fund must be getting out of their longs finally....so the yen went back to where the BOJ sent the latest run shooting up.
...
In these situations we get reliefbut then a three wek period of consolidation that whipsaws well.....we can play that, just beaware that's what the market will give us.
...
Surely we'll get a retail number better than 1.5%...or it's going to hurt Japan. the larger central banks have to act...they've been just sitting, that's why the smaller countries had to do historical intervention the last two days.
..
...
Yen like 90 to 96.50 or so....unless 93 holds....then 93-97 at first....flows show that sovergn wealth fund must be getting out of their longs finally....so the yen went back to where the BOJ sent the latest run shooting up.