Weekly Update

Monday set the tone. The yen weakened 1% to end the session at ¥159.29 per dollar, the worst performance…

Two labour reports landed on the same morning and split the book down the middle. US nonfarm payrolls unexpectedly declined…

The week the tape stopped fighting our book — mostly. USD/JPY punched to a fresh 40-year high on Friday,…

The week's defining event landed Monday: Andy Burnham became the UK's seventh prime minister in a…

The single biggest event of the week landed on July 8, when the RBNZ surprised markets with a hawkish hike…

The event we had circled as the dominant two-sided risk broke against us this week. Nonfarm payrolls for June…