Let The Currency Wars Commence: Amid USDJPY Slide, One Bank Asks What’s Next

So one of the things we spent quite a bit of time on Thursday was what the ongoing slide in the dollar, supercharged this week by Steve Mnuchin's tacit reiteration of Trump's adversarial trade stance, means for the ECB and the BoJ. Mario Draghi's not-at-all veiled reference to Mnuchin in Thursday's post-meeting presser was a clear indication that the ECB is acutely aware that a rapidly depreciated dollar has the very real potential to derail the effort to call an end to APP in September and tha