ULE

Is The Dramatic Yen Short Squeeze Over?

Yen's Surge Continues, While PBOC Surprises With Another Rate Cut, And U.S. 2-30 Year Yield Curve Ends Inversion

Yen's Surge Continues, While PBOC Surprises With Another Rate Cut, And U.S. 2-30 Year Yield Curve Ends Inversion. The powerful short-covering rally of the yen and unwinding of carry trades continues. For the second time this week, the PBOC has surprised by cutting interest rates. The US 2-10-year yield curve is the least inverted in two years.

Greenback And Yen Extend Gains

Short Covering Squeezes The Yen Higher

Weekly Bund Yield And FX Forecast, July 19: Projecting Likely 10-Year Bund Yield Range In 2034

Inverted Bund yields continued this week with the negative 2-year/10-year yield spread at negative 31.4 basis points. The probability of negative spreads in the 91-day period ending January 17, 2025 has moved to 58.1% from 58.9% last week. German Bund yields show a steady downward shift in yields in the first seven years.

Weekly Report: what happened at ULE last week (0715-0719)?

Dollar Mixed As Markets Digest U.S. Political Developments

Week Ahead: U.S. Dollar To Extend Recovery While Stocks Correct Lower

The consolidative phase for the dollar, after its recent drop, is evolving into a proper upside correction. Japan's economy appears to have recovered in Q2. The flash July PMI, the Bank of Canada meeting, and the Q2 US GDP estimate are highlights in the weekend ahead.