The drop in US yields has helped engineer a USDJPY breakdown, now we watch the broader USD picture for whether we get further signs that the USD bear case is playing out. Tariffs, tariffs, tariffs. Watching for the US dollar bear case to spread beyond USDJPY Odds and ends
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In 2023 wealth growth across the world has recovered from its 3% contraction the previous year. The contraction in 2022 was largely attributable to currency effects, i.e. a strong USD. However, the bounce back of 4.2% offset the loss from 2022, regardless of whether it is expressed in USD or local currencies, and was driven […]