No BTFD In Overnight Yen Carry/Spoos Means Momo Confusion Continues
April 07, 2014 at 09:26 AM EDT
No Yen carry levitation overnight and, naturally, no Spoo levitation, with the futures struggling following the Nikkei's -1.7% drubbing (pushing it back to nearly -10% on the year) and down well from Friday's closing print.