Japanese Yen: USD/JPY (JPY=X) rebounds sharply and extends daily gains

Japanese Yen: USD/JPY (JPY=X) rebounds sharply and extends daily gains The USD/JPY pair dropped immediately after the release of a lower-than-expected US CPI reading. It fell to 111.35 and then rebounded sharply, breaking on top of 111.60. The greenback also climbed above intraday August highs and reached 111.90, the highest since August 1. As of writing was…

The EU are the New Nazi’s

The EU are the New Nazi’s The EU parliament’s vote to trigger Article 7, allowing punitive measures against Hungary, has provoked disbelief and indignation, with commentators describing the “authoritarian” move as contrary to the bloc’s own self-interests. Citing Hungary’s anti-immigration policies and concerns about “media suppression,” the European Parliament voted on Wednesday to invoke the…