jpy破了115之后下一个support在111.5
只好凉拌了 呵呵
risky assets are likely to recover. (ZT from UBS report)
At a glance
As risk-aversion swells, the unwinding of carry trades has led low-yielding currencies like the JPY to appreciate sharply, which has sparked another correction in equities and other risky asset classes.
We continue to think the current market reaction is overdone.
While we acknowledge that risk-aversion could spread to the real economy, we think it unlikely at present. We remain overweight on equities vs. fixed income asset classes and neutral on non-traditional asset classes.
In this Investment Strategy Update, we provide a cross-asset-class review of the latest developments and stress why we maintain our asset allocation strategy.