Dollar Gets Its Last Chance This Week to Mount a Reversal Via Inflation
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Nasdaq, AMC, USDJPY, Dollar and USDCAD Talking Points:
• While the S&P 500 joined the Nasdaq 100 in marked an increasingly extreme level of inactivity, there remains a heighted speculative appetite for assets like AMC
• A surprise tumble from the Japanese Yen, pushing pairs like USDJPY and EURJPY through technical boundaries, will need assistance to translate into momentum
• Top event risk to end the week is the Fed’s favorite inflation indicator, the PCE deflator, which can tap into fear for ‘risk’ assets or confidence for the Dollar
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