Hard to imagine, but offers we first wrote about over 24 hours ago in USD/JPY are coming back into range. Exporters are seen offering dollars in the 90.60/80 region once again..
Risk assets were offloaded heavily this morning as the combination of North Korean saber rattling and Spanish bank jitters; now they are being covered as qujckly as they can…
These markets are like New England weather. If you don’t like it, wait ten minutes…
