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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 366.09-0.1%Nov 6 4:00 PM EST

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Recommended by:
Arran Yuan
To: bull_dozer who wrote (207228)8/5/2024 4:42:42 AM
From: TobagoJack1 Recommendation   of 217557
 
I append three zerohedge articles from behind the paywall

zerohedge.com

Panic in Japan

BY THE MARKET EAR

MONDAY, AUG 05, 2024 - 15:58

Nikkei crashing below the 200 day

Beyond extreme moves in Nikkei futures as we crash below the 200 day in a fashion not seen since "forever".



Source: Refinitiv

Japan's VIXJNIV is up 140% overnight!



Source: Nikkei indexes

Oversold NikkeiRSI at 18 in a global index is stuff you see in pure panic only.



Source: Refinitiv

It was a JPY thingNikkei has "caught up" and actually "extended" beyond the JPY move.



Source: Refinitiv

Oversold JPY maniaWe need new superlatives soon.



Source: Refinitiv

JPY volatility as wellJPY 1 month vols exploding to the upside (again).



Source: Refinitiv

Hitting the long term trendThe JPY has not traded this much below the 200 day in ages. It is hard to have much opinion about moves like these, but note we are close to the big trend line that has been in place since late 2020.



Source: Refinitiv

Carried out on stretchersThe JPY one way positioning has been aggressively cut. We have not seen net non commercials reduce exposure this fast in a very long time. The JPY moved some 15% over 3 months back in late 2022. The current move is around 12%, but has materialized over 1 month. The excess in the world's carry trade has partly been washed out. Dare some "mean reverting" trades?



Source: Refinitiv
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