One "IF" scenario for this week ahead:
If the TED and swap spreads close a little on Monday and Tuesday, and BOJ holds on Thurs, you're going to see the yen retrace a chunk of that move (probably see it come in ahead of that if the spreads close...its a big if, but boj hold is just about a given).
...I would love to see spike back through the lows in equities in the midst of that.
I'll be throwing small pieces at it on anything that smacks of a little leaning s/o. Any move back above Friday's midday range and all you'll see on your screens is a hellacious squeeze.
If the TED and swap spreads close a little on Monday and Tuesday, and BOJ holds on Thurs, you're going to see the yen retrace a chunk of that move (probably see it come in ahead of that if the spreads close...its a big if, but boj hold is just about a given).
...I would love to see spike back through the lows in equities in the midst of that.
I'll be throwing small pieces at it on anything that smacks of a little leaning s/o. Any move back above Friday's midday range and all you'll see on your screens is a hellacious squeeze.