Originally aired Jul 30, 2024 on YouTube: Watch the episode on video with charts to follow along at Across The Spread Official Youtube Channel here,

For further insights and commentary on JPY and its correlation vs NDX, including a deeper look into CTAs, systematic flow behavior and more, see the corresponding article on Across The Spread Substack - read here USDJPY: 152 - The CrowdStrike of Global Markets

As yen strength shakes up markets, USDJPY at 152 is the world’s most consequential green & red blinking ticker price level in the immediate term as it relates to major global markets across asset classes - from DM equities to EM currencies to gold and more, according to Weston Nakamura.

The most impactful “market player,” or market force, is Japan Ministry of Finance and their shift in yentervention tactic - as well as the Bank of Japan this coming week.

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