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Liz Thomas highlights that the Japanese yen has reached its lowest level against the U.S. dollar since December 1986.
She points out that, in contrast to the situation in 2024, current speculative positioning is not as strongly bearish. Thomas also observes that, despite ongoing interest rate differentials indicating a level closer to 130, the currency remains weaker, suggesting a notable disconnect in market dynamics.
Thomas previously noted that the Federal Reserve committee maintained a slightly hawkish stance ahead of a key meeting. She has also provided analysis on recent excitement surrounding initial public offerings. The author covers a range of market developments in her reporting.