Yen Carry Slides In Early Pre-Open Trading

Yen Carry Slides In Early Pre-Open Trading

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 esclalations 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

Charts: Bloomberg

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