The chart was extracted from a note dubbed "THREE CURRENCY MONTE" issued to Risk Manager Subscribers earlier today, September 9, 2010. Sign up for a free-trial or subscribe for access to the note, Macro Select updates and the real-time portfolio.
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The past couple of days have provided some interesting commentary and data points out of Asia and the U.S. as it relates to the yuan, the yen, and the dollar. We remain bullish on the Chinese yuan from a TAIL perspective, bearish on the U.S. dollar from a TAIL perspective and bearish on the Japanese yen from a TREND perspective.
