One Trader Is Disgusted That You Bought The Terrorist Dip

Some folks "couldn't agree more" with this morning's missive from former FX trader Richard Breslow. Breslow, as you'll read below, was "appalled" that the fleeting risk-off bid apparent in the yen's Monday night knee-jerk was nowhere to be found several hours later once the market had moved onto European econ data. This is precisely what we said this morning when we cynically wrote the following in our overnight recap: To be sure, in normal times “euro PMI data” wasn’t even exciting enou