Brexit fears ease, high yielders soar
|Stocks at record highs, the dollar down, the JPY plummeting: sentiment improved after the UK decided on its new PM, bringing some clarity to the political uncertainty that dominated markets since June 24th. Also underpinning risk appetite are , more easing coming in Japan and the UK, and speculation that the US Federal Reserve will remain on hold until mid 2017. Still, the EUR upward potential seems limited due to poor local industrial data. The USD/JPY needs to extend beyond 105.00 to actually become bullish, and at this point most of a new round of stimulus has already been priced in.
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