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Is Japan About To Crash, Or Explode Higher?
Market Depth
The Dollar Yuan Cross-Rate Moving on US Dollar Strength
The dollar Yuan cross-rate moving on US dollar strength? Absolutely. Is it also moving on China's economic weakness being priced in? Absolutely. And ultimately, if it were just like a dollar strength matter, then you wouldn't get the PBOC to make an official statement on Friday in alert of a declining Yuan. That's what that action on Friday says. It's not dollar weakness. It's a Yuan-specific downside move, okay? One last point on the Yuan. As per my last episode on the Yuan, and it's kind of remarkably tight price action correlation with things like copper. So again, as I said, independent and coincidental to Yuan price action, but nonetheless
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