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6min chapter
Wall Street Keeps Overestimating China's Macro Data
Market Depth
Why the GDP Print Was So Bad in China 6.3% GDP Print
Dollar you won and dollar yen on a same percent scale month to date. You can clearly see that the dollar selling off and the Japanese yen is strengthening far more than the yuan is strengthening against a dollar sell off as I discussed at length last week. And here the two from June when the dollar just really went parabolic versus both of themObviously far more pronounced the yen to either direction to the upside to the downside because unlike the Chinese Yuan which has a daily price fixing range established by authorities to intervene daily the yen only has authorities intervene on average twice a year so far. God love price discovery. By the way I'm obviously being very sarcastic the yen is not the yen is as free
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