tag:blogger.com,1999:blog-34323687.post8513276574292577709..comments2024-03-28T12:22:11.704+00:00Comments on Macro Man: Kevlar gloves in AUD/JPYMacro Manhttp://www.blogger.com/profile/12324967552369915949noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-34323687.post-25596881564234257592013-06-14T15:19:52.301+01:002013-06-14T15:19:52.301+01:00Check this out:
http://www.ritholtz.com/blog/2013...Check this out:<br /><br />http://www.ritholtz.com/blog/2013/06/qotd-the-market-giveth/<br /><br />(sorry, no time to look up the html)<br /><br />EddieAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-91190674488530520892013-06-14T06:04:55.302+01:002013-06-14T06:04:55.302+01:00C Says
Not much surprise as Asia hit's the wee...C Says<br />Not much surprise as Asia hit's the weekend given the almost capitulation style puke of the prior session. Moreover next week surprise surprise is Option week again .Payday for volatility so the increase in same we have noted leading in isn't much of a surprise is it.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-37180900458306991222013-06-13T21:13:31.612+01:002013-06-13T21:13:31.612+01:00LB you're right. Screens at Detapering Partner...LB you're right. Screens at Detapering Partners LLC have definitely been a lot greener today than over the past couple of weeks and that weird soreness in our collective derrieres is starting to soothe. Even mREITs and some other dogs we caught too early were up big. With Hilsenrath out again carrying Bennys luggage in the WSJ, we feel like the bond puke might slowly be coming to an end <br /><br />Now with yen, informed by this ainful experience in FI kevlar, we are a bit too afraid that further is necessary before the sky is clear and life w/ Abe resumes its course. It's an appealing trade but not a fight we believe is in our wheelhouse.<br /><br />Instead we'll sit on the accumulated risk premia in FI and look for it to retrace between now and Labor Day. Not very exciting but our greater conviction to date so ...<br /><br />DDAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-74446865159822573202013-06-13T20:53:21.649+01:002013-06-13T20:53:21.649+01:00Treasury shorts being Edward the Seconded... he h...Treasury shorts being Edward the Seconded... he heAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-69515775038472571852013-06-13T17:30:27.612+01:002013-06-13T17:30:27.612+01:00DD,
FX ahead of everyone else, as usual. The Bern...DD,<br /><br />FX ahead of everyone else, as usual. The Bernanke piss-taking about tapering was already priced in, during the dollar's precipitous fall from 84 these last few weeks. NZDJPY why not? NZDJPY has support in 74-75 area (200 dma), rebound to 81-82 (50 dma) on the cards. We bought NZT on the dip this week.<br /><br />Now let's see if the long bond auction today spells the end of the Treasury market as we know it, with yields spiking so high they disappear up Jim O'Neill's arse... somehow we suspect not. In fact, we think the bond market is ripe for a nice juicy squeeze.Leftbacknoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-7245861277519782752013-06-13T17:24:47.822+01:002013-06-13T17:24:47.822+01:00Ola muchaco, can I interest you in some Yen MXN te...Ola muchaco, can I interest you in some Yen MXN tequila. <br /><br />the real ballsy play would be YEN ZAR/INR.....<br /><br />that was a quick change of positioning from a few posts earlier where I thought you were riding itabee crombiehttps://www.blogger.com/profile/13320039155613443039noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-2496255390202740542013-06-13T16:17:51.830+01:002013-06-13T16:17:51.830+01:00I also anticipate a short term AUD bounce. I prefe...I also anticipate a short term AUD bounce. I preferred the EURAUD for that play. Seems to me as though everyone tried to get in front of the YEN/Nikkei trade and pushed it too far too fast. Now 94 on the USDJPY is holding on for dear life. <br /><br />I can understand why TMM is wearing the Kevlar, I don't see the BOJ's inaction this week as a sign of a lack of resolve. On the contrary. Just because hedge funds are quoting 110, doesn't mean policy should be held hostage or influenced by that target. <br /><br />JayAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-21908141668555816502013-06-13T15:50:18.317+01:002013-06-13T15:50:18.317+01:00what about nzd / jpy?what about nzd / jpy?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-8609341401431937052013-06-13T15:37:21.555+01:002013-06-13T15:37:21.555+01:00This is indeed a brass balls call, TMM.
Courageo...This is indeed a brass balls call, TMM. <br /><br />Courageous but we would be too afraid of the Ts/yen relationship if the Bernank comes out next week with a "hey guys, about that tapering thing ... was j/k LOL"<br /><br />But hey, not guts no glory as they say.<br /><br />-DD<br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-49062223908926508712013-06-13T14:43:37.859+01:002013-06-13T14:43:37.859+01:00You are a group of brave men, TMM. I felt that you...You are a group of brave men, TMM. I felt that you were two steps ahead the curve in previous calls. Anonymousnoreply@blogger.com