Bond yields are at their lows for the cycle yet USD/JPY is holding up. Risk aversion seems rampant in some markets (EUR/USD, bonds, commodities) but not in others (equities). What in the wide, wide world of sports is going on here?
EUR/USD leans on support at 1.2280 while USD/JPY is holding up at 89.30. Weird…
(a politically incorrect clip, no offense…Blame Mel Brooks!)
