US inflation figures came in considerably softer than expectations, and global currencies, bonds, equities and commodities rose at the expense of the U.S. dollar.
But what happens when US CPI is now below Japan CPI? What does that mean for markets (namely the yen), and the Bank of Japan’s upcoming policy meeting (with direct implications on global bond markets)?
Weston Nakamura discusses the US vs Japan inflation differential as it relates to the Bank of Japan policy, pointing to recent history as precedence.
Weston also gives an overview of Asia currencies for the week, and their respective performances against a crumbling USD, with particular focus on the futures-driven yen move, as well as the lagging Chinese yuan.
Watch Michael Howell from Crossborder Capital on weaponizing the yen:
"China’s Stimulus Takes A Backseat To Save The Yuan | Michael Howell"
https://youtu.be/f0lu-wKS_kQ
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Disclaimer: Nothing discussed on Market Depth should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
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