When The Yen Was A Last Resort Safety Bid, You Know It Was Bad
It looks like the reversal of Monday’s dramatic and frightful liquidation has held and gained in the past two days. From that we can infer, of only the near-term, that those forced repositions were enough to square the liquidity imbalance from the latest “dollar” run. The two words are related not just in a common semantic root, as liquidations are [...]
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