Soft View on Macro into Central Bank Meeting
Long JPY looks like the right trade to have on right now, for sure!
Yields down both on a bit of recessionary fears, and FED about to cut 50bps most likely.
So that puts the carry trade back at risk again.
Yeah, quite likely + there seems to be some risk around that and a bit of inverse correlation with S&P. BoJ meeting this week, not willing to bet against a CB, so follow the flow and hedge the S&P if the carry trade blows up again.
Long JPY looks like the right trade to have on right now, for sure!
Yields down both on a bit of recessionary fears, and FED about to cut 50bps most likely.
So that puts the carry trade back at risk again.
Yeah, quite likely + there seems to be some risk around that and a bit of inverse correlation with S&P. BoJ meeting this week, not willing to bet against a CB, so follow the flow and hedge the S&P if the carry trade blows up again.