Dislikedmalcolmb
we have seen fall DOW past week
we see more risk aversion in financial markets
with this fall DOW we must will see decrease in demand high yelid
also unwind carry trade and gain yen again USD
on the other hand cut rate by BOC. maybe below 100 no below 97Ignored
I do not get it either. I was thinking we should have got a massive unwinding of the gbpjpy on friday .. the dj was in free fall as was the eurostoxx futures and the s&P
I think that the JPY crosses and markets have become disconnected and that in fact traders are more worried about Japan going into recession now.
There have been some large falls in the DJ recently .. one week it lost 610 points and the gj trend was UP. i found this very baffling
so ignore every thing that used to work and just trade what you see on the chart .
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