Credit Agricole in HK citing yen cross liquidation (hard to disagree with him …)
- market was short yen
- Asian markets now will drift awaiting Europe and US trade
- watch ISM and ADP (data from the US) as an input to investor sentiment
- sentiment still averse to risk (CA citing slower PMIs from China and Europe yesterday)
Actually, hard to disagree with any of this …. I posted here on the yne cross moves:
