The early optimism in risk assets has quickly unwound. A 0.9% rise in the Nasdaq has turned into a 0.6% decline and the S&P 500 is down 0.3%. Bitcoin is also back below $90,000.
Incredibly, European stocks are not bothered at all. They've hugely outperformed the US so far this year and the DAX is up 2.8% today.
Money appears to be moving out of the US and in favor of cheaper valuations. That could be rotation or it could be the unwind of a very popular long-US, short-world trade. In any case, it's been the trading theme of the year so far.
In FX, we're seeing it today via selling in USD/JPY as the pair has now completed the retracement of the earlier rally.
This article was written by Adam Button at www.forexlive.com. Read More Details
Finally We wish PressBee provided you with enough information of ( USD/JPY falls as the mood in markets sours )
Also on site :
- Country 'MVP' Refunds Entire Audience Mid-Concert and Fans 'Cannot Believe He Did That'
- Legendary '70s Rock Band’s Song Sparks Fan Theories 50 Years Later
- Trump fija nuevo plazo de negociación de dos semanas y desencadena esfuerzo urgente por reanudar las conversaciones con Irán