Say the least after a bit of a rebound the other day when i was on with you, yesterday i was not here for what was a decline overall in all the markets. I think we are in a new era of volatility. Every single time we get an up opening people say, okay, i guess that selloff is over and when we get the printed selloff people say this selloff is going to go on for ages. I urge people to step back and recognize we are in a period where theres a lot of vacuum, a lot of people trying to buy when its going up, a lot of people trying to sell when its going down and just interpret that as just being enthusiasm, greed and then fear and accept it that its here to stay because its really the undercurrent behind these moves. Okay. And what does that mean in terms of this socalled playbook that you often offer people who listen to what you have to say sure. It means that if you think that it is going to bounce today because it was down hard yesterday, dont make the first move wait to see whether the
Turnaround the european operation. Morning. Ery good this is daybreak europe. Lets talk about the asian equities session. Another boy in story for stocks. Japanese returning to the market. Msci asia pacific up. 3 . T is not all positive samsung is one of the negatives over on the seoul market. Their Earnings Report suffering a little bit because of the dollar weakness. That is weighing on the equitys story a little bit in south korea. Our focus on south korea and north korea is around geopolitics. More details of that in the samsung story. Lets talk about what is going on in fx markets. Later our attention will return to fed speakers. Today lets focus in on the yen and euro because interesting moves in both of them. The yen, and overnight story. We see the yen gaining this morning as the boj trimmed some of its bond purchasing. A small tweet to the long ticket buying. Governor kuroda told us there is nothing to see in terms of expecting to see any big changes in policy. Plenty discuss
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