From Marc to Market:
The US dollar is trading in narrow trading ranges against the G10 currencies today, but the calm in the foreign exchange market belies stress in other parts of the capital markets. Equities and bonds have been sold. The hope that an end to the Middle East conflict has faltered amid the conflicting signals from the US, which is sending thousands of more troops to the region, fanning fears of a ground invasion of some time, while Tehran countered US proposals with a set of their own conditions. Front-month WTI and Brent oil futures are trading new highs for the week.
President Trump’s initial 48-hour ultimatum was replaced with a five-day grace period, which ostensibly ends tomorrow. The uncertainty hangs heavy and can be expected to dampen risk appetites today and tomorrow barring constructive developments. The conflict can be on the edge of significant escalation or a resolution....
....MUCH MORE
That headline has the tone of some of our past commentary on Japanese markets:
Ten-Year Falls Like Cherry Blossom in Gentle Spring Rain
Currency devaluations reflect silently on still and glassy water.
Stocks to open generally mournful and subdued.Auspicious update, below.
Invest in Kirin
Mindfulness overrated
Sensei insensate
