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…
Yen Carry Slides In Early Pre-Open Trading
