“Substantial Volatility” Ahead: One Bank’s Take On Yen-Sanity

“Substantial Volatility” Ahead: One Bank’s Take On Yen-Sanity

Well it's all about USDJPY on Monday. Of course if you've traded these markets professionally for any length of time, you know that it's pretty much always about USDJPY. But in the current environment the pair has taken on a special role as a running referendum on the market's faith in the Trump trade or, more accurately, the reflation narrative. I've talked about this at length over the past couple of months. Last week's meeting between Japanese PM Shinzo Abe and Donald Trump was a potentia
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