Like a blue moon, weeks that include an FOMC meeting and the BLSBS only come around occasionally. This week is one of those occasions. Aren't we lucky?
So, welcome back. I hope you have a nice weekend. It was relatively quiet, for once, with no geopolitical concerns. In fact, the only mystery was in how long it would take the BoJ to intervene and support the yen after the disastrous day the USDJPY had on Friday.
It turns out, we didn't have to wait long at all after another plunge took the USDJPY to a new 34-year high and above 160!...
