Bonds in Europe and the USA appear to have topped. I expect US rates to rise more than Euro rates.
In risk, JPY appears to have topped against at least the AUD and NZD - after a correction of about 1-2 days, NZD/JPY & AUD/JPY are likely to rally strongly. I expect the NZD to outperform the AUD in the medium-term.
GBP appears to have bottomed against EUR, CHF & JPY - I will be looking to buy GBP soon.
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