BOE Carney's turn to strut his stuff in Davos 26 Jan

Well, I say strut. More like sitting and stating the obvious.

  • probability of adjustment in asset prices has risen
  • we've not fully solved too big to fail
  • market will decide where asset prices should be
  • financial system unlikely to amplify asset-price moves
  • higher capital standards to help if Brexit is disorderly

Mixed bag out there. USDJPY has dropped below 109.00 on Kuroda comments and that yen demand has also seen GBPUSD down to 1.4214 and EURUSD down to 1.2417 in general USD demand sentiment that sees USDCHF up to 0.9376.