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Futures Leaking As Japan Cuts Economic Assessment And Aussie Home Sales Slump

By: capt_nemo in ROUND | Recommend this post (0)
Tue, 28 Aug 12 7:12 AM | 23 view(s)
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Submitted by Tyler Durden on 08/27/2012 21:15 -0400

Aussie
Japan

No sooner had Azumi announced his rather unsurprising admission (via Bloomberg) that:

*JAPAN CUTS ASSESSMENT OF DOMESTIC ECONOMY
*AZUMI SAYS HE SEES RISK OF GOVT FUNDS DRYING UP

then Aussie Home Sales came in much weaker than expected (and their lowest in six months). The repatriation of JPY accelerated - dragging JPY higher and snapping all the other majors lower relative to the USD; and AUD weakened significantly (though already priced for some easing). Of course, as a funding pair for everything still, the AUDJPY carry-unwind is weighing on equity futures (though minimally for now).

AUDJPY vs ES...

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more,,,,,,,,

http://www.zerohedge.com/news/futures-leaking-japan-cuts-economic-assessment-and-aussie-home-sales-slump?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29

Uploaded Image Does not compute LOL




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