This is earnings week. Earnings are likely to be poor. Lets see if the markets continue to ignore the poor economic data. Reactions will probably be positive since expectations are so low.
I would love to see another divergence between the Yen's correlation to risk aversion. There are still many reasons for a bear market. And we have not yet begun to see any important economic figures begin to trend positively to say otherwise. However, from a technical and COT data perspective, buying on the dips on the yen crosses looke like an excellent play. If investors begin paying more attention to the poor fundamentals in the Japanese economy, as they were pre-FOMC quantitative easing announcement, we would easily see huge weakness grip the yen.
I would love to see another divergence between the Yen's correlation to risk aversion. There are still many reasons for a bear market. And we have not yet begun to see any important economic figures begin to trend positively to say otherwise. However, from a technical and COT data perspective, buying on the dips on the yen crosses looke like an excellent play. If investors begin paying more attention to the poor fundamentals in the Japanese economy, as they were pre-FOMC quantitative easing announcement, we would easily see huge weakness grip the yen.