Between China’s dismal trade deficit data (desperately defended by several sell-side strategists proclaiming it’s just lunar new year ‘noise’ – aside from the fact that all the same strategists ‘knew’ the dates and still missed by 6 standard deviations) and the escalations in Ukraine, it appears ‘confidence’ is a little shaken in the status quo. JPY has opened notably stronger dragging Yen carry trades lower and implying notable losses on the open for stock futures…
