
While You Were Watching That Screaming Guy On The Plane (Again), I Was Buying Yen
Well, it kinda feels like everyone just said fuck it and bought the yen overnight as the holiday shortened week drags on amid heightened geopolitical tension and a reflation narrative that just refuses to die but simultaneously shows few signs of life.
The dollar was looking "offered-ish" pretty much from the word "go" after Janet Yellen's Q&A at a University of Michigan event brought little in the way of anything.
“Yellen sticking to a moderate pace of rate hikes seems to be spurring s