Markets Relieved After Trump/Abe Meeting, Reflation Narrative Intact

Markets Relieved After Trump/Abe Meeting, Reflation Narrative Intact

Well, it was all aboard the reflation train right out of the gate in early Asian trading last night with USDJPY jumping with 10Y yields and futs, following what counts as a "successful" high level summit these days. As I noted last week, the fact that Trump didn't physically assault Japanese PM Shinzo Abe (well, unless you count the incredibly awkward handshake) was a big relief for markets as investors feared the new President might try to exert pressure on Abe regarding Japanese monetary poli
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