What a beauty this year!
For a moment I thought I missed the opening bell.
So many traders still hang on to their UJ trades that it's taking ages to shake them off. The market doesn't stop, the market is relentless.
They are going to crash soon.
All three.
After which JPY will rocket. Doesn't look good for Japan.
You may wonder how it will affect the world economy.
I think Trump might be our almighty saviour.
If he manages to pump up US economy enough, it might balance it out.
This event, this UJ seasonality, this year could be very much a ripple of a massive economic shock in the past, mainly affecting the US and Japan. Yes, I'm thinking this is a WWII aftershock...
Then suddenly upcoming recession is a bliss in a sense...