Market Finds Fragile Balance

The financial markets have found semblance of order. The US dollar is mostly softer, but as we have argued in recent days, the main axis in the capital markets is the yen. The yen was sold in Tokyo and JGB yields fell back. The dollar has dipped below JPY96.00 in thin pre-Asian trading following…

Continued here:
Market Finds Fragile Balance

Market Finds Fragile Balance

The financial markets have found semblance of order. The US dollar is mostly softer, but as we have argued in recent days, the main axis in the capital markets is the yen. The yen was sold in Tokyo and JGB yields fell back. The dollar has dipped below JPY96.00 in thin pre-Asian trading following…

Continued here:
Market Finds Fragile Balance