With U.S. 10Y note falling 11% since Trump tweeted about Tarrifs on the rest of Chineese goods starting Sept 1st after the Fed rate cut and some sub par U.S. Manufacturing data.
The yen has outperformed the basket of currenciesgaining 2.5% since last week. with RBA and RBNZ and a possibly of Euro and USD both receiving rate cuts next month, uncertainty is at it peak this week. If U.S. and Euro data disappoint tomorrow expect the yen to surge particularly AudJpy , as there are over 84.5% averaged long on this pair. Caixin Services Pmi miss expectations
by .4. Short term target $70.60(Flash crash area).
The yen has outperformed the basket of currenciesgaining 2.5% since last week. with RBA and RBNZ and a possibly of Euro and USD both receiving rate cuts next month, uncertainty is at it peak this week. If U.S. and Euro data disappoint tomorrow expect the yen to surge particularly AudJpy , as there are over 84.5% averaged long on this pair. Caixin Services Pmi miss expectations
by .4. Short term target $70.60(Flash crash area).
