In SPOOS we are at a juncture where you can risk 1 to make 10. We explore correlations and how this translates into FX terms (hint: EURCAD higher).
BONDS and JPY
We posted a JPYUSD (inverted chart) – the correlation with BONDS is palpable. We will look at the chart of the 10-year and mark proper counts to assess what a move could look like. A corrective wave fueled by multiple assets can be significant. We are looking at about 10% in equities, we need to see how it translates to FX.