No news afterhours, but there is a major risk aversion trade occurring afterhours as the Yen rips higher. USD/JPY just hit 76.50 in the afterhours market – down from 79.50 just an hour ago! This has to make investors wonder if there isn’t something bigger going on here….This is not your average move for a currency….
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.