Jason Burack of Wall St for Main St
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Turd Ferguson, in this interview surprised to find another reference to the dollar yen relationship as far as it goes to the derivatives market. Derivatives markets and swaps controlling and disseminating price action through different indices and all the way down to precious metals.
The only other reference that I have is Miles Franklin and Andy Hoffman relaying the dollar yen relationship. Where he goes further in stipulates the dollar is Mixed with different currencies as well. Mainly the euro and I believe I remember him referencing the Japanese yen. I cannot be positive on this but derivative swaps are really sovereign markets mixing together through a bunch of worthless paper.
I will be keeping close eye on the dollar yen relationship as far as it goes manipulating price action through the markets.
Thanks goes to Jason Burack of Wall Street for Main Street