by US sneezes and all the USD zombies catch pneumonia.No JPY rally until (at least) they sync policy back up with the US on rates and asset purchases by their CB (btw same with the EZ).Until then their firms will continue to try to make up for their shitty domestic business conditions by reducing the terms of their foreign business and continue to cause JPY weakness for their multinational depositories trying to finance the trade.This stupidity has got to end sometime... even if by luck. Japan's Q1 economic contraction worse than forecast #EconomicGrowth #GDP https://t.co/xjFFArlY1a pic.twitter.com/Zdm4BTDW0q — Sentifi SG Market (@Sentifi_SG) June 8, 2018
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US sneezes and all the USD zombies catch pneumonia.
No JPY rally until (at least) they sync policy back up with the US on rates and asset purchases by their CB (btw same with the EZ).
Until then their firms will continue to try to make up for their shitty domestic business conditions by reducing the terms of their foreign business and continue to cause JPY weakness for their multinational depositories trying to finance the trade.
This stupidity has got to end sometime... even if by luck.
Japan's Q1 economic contraction worse than forecast #EconomicGrowth #GDP https://t.co/xjFFArlY1a pic.twitter.com/Zdm4BTDW0q— Sentifi SG Market (@Sentifi_SG) June 8, 2018