Wednesday, June 15, 2016
BOJ + Fed Decision: Monkey Hammer China
The Fed's soft dollar decision today combined with the just announced Japan "strong Yen" position, further implodes the China/Japan carry trade, and will lead to accelerated Yen buying...
China FX Reserves (Red) with Yen / Yuan exchange rate...
The U.S. Low Volatility Implosion Fund with Yen / Yuan
New multi-year low for USDJPY
Fast forward to 1 minute...to picture Chinese carry traders caught between dollar and Yen:
Posted by Mac10 at 8:01 PM