Outrageous Predictions
Carry trade unwind brings USD/JPY to 100 and Japan’s next asset bubble
Charu Chanana
Chief Investment Strategist
Summary: Today, a look at carnage for additional individual names on AI disruption fears even amidst relative market calm in US equities. Elsewhere, a break down of the US jobs report, going way beyond all of the headlines on the January numbers to indicate how little the wiser we are all on the actual state of the US labor market from this specific report. As well, a look at the chunky further JPY rally and whether and how a possible revaluation of the yen might unfold from here. Today's pod is hosted by Saxo Global Head of Macro Strategy John J. Hardy.
Link to John's The FX Trader piece from today.