jpy – Page 7 – Alhambra Investments

China Says ‘Thank You’

By any reasonable standard, today’s trading in “dollars” was highly unusual. The Chinese yuan had been trading its typical depreciation route all through the night and toward the US open. At about 6:15am, CNY was just about to touch 6.59 and a new low that would have put it back into early January territory (not good). It traded modestly higher [...]

Potentially Interesting Isolation On JPY

By Jeffrey P. Snider|2016-04-20T18:12:21-04:00April 20th, 2016|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Today was the third consecutive down day or selling in eurodollar futures. The June 2018 contract settled below 98.80 for the first time in April, almost unwinding the move higher at the start of this month. Even after the selling, the eurodollar curve remains as depressed as ever, discounting an entirely different set of future circumstances than stocks or junk [...]

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