RE:RE:USD/JPY Oh yeah? How was I wrong?
Market has gone vertical after the initial drop on your news. No subsequent substantive economic news other than Fed minutes which repeated what was already delivered to the market.
In fact, I think the market action today proves my point. Look at the USD/JPY go vertical after the reuters release with general equities clawing back most of its losses.
So tell me what caused the Dow to erase nearly 150 points off its low?
Your trade war is air cover for the carry trade, and nothing more.