Zeev's Turnips Patch-No Politics (ZEEV)

[basserdan]

But retreating - printing 1.1823
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Hi 1-7,
Yeah, but that's only against the Euro..... It's still advancing against the Yen with a last at 113.64 off a low of 113.15.

I'll start getting excited when the USD gets back to 1.22 vs the Euro.

Until then, I'm keeping my wallet in my pocket.

I think there will be sufficient upside in the PoG that it isn't all that important to try picking bottoms in the "rate increase coming" environment that we now find ourselves in.