Will the Dow and Jpy pairs get uncorrelated just tomorrow?
Rate cut prospects bad for a currency, bad for carry trades but good for stock market.
Rate cut might weaken the dollar versus euro and gbp, but a major unwinding normally weakens euro and gbp also.
Only techs will tell, unfortunally, and i dont like it.
Rate cut prospects bad for a currency, bad for carry trades but good for stock market.
Rate cut might weaken the dollar versus euro and gbp, but a major unwinding normally weakens euro and gbp also.
Only techs will tell, unfortunally, and i dont like it.