The average investor is turning away from the Magnificent 7: flows confirm the rotation
2.3 trillion wiped out in June, net outflows in tech ETFs: the Mag7 is no longer the safe haven investors thought.
Jul 2, 2026 at 16:36 7 9
Yen at 40-Year Low: BoJ's Countdown Begins
USD/JPY breaks through the 158-160 range - the historic tolerance level of the Ministry of Finance. The Bank of Japan has fewer and fewer reasons not to act in July.
Jul 1, 2026 at 09:38 9 9
Heinrich Vogel
Yen at 40-year low: BoJ countdown begins
At the close of Q2 2026, the yen hits a 40-year low against the dollar. The Nikkei and Kospi post a strong quarter in nominal terms—a paradox masking structural monetary fragility. Both the BoJ and FOMC meet on July 30-31: the dual catalyst approaches.
Jun 30, 2026 at 09:35 9 12
Heinrich Vogel
IBIT: BlackRock's Bitcoin ETF Holders Show 40% Unrealized Loss
Launched with great fanfare in January 2024, BlackRock's spot Bitcoin ETF (IBIT) now shows an average unrealized loss of 40% for its holders. A sentiment signal to interpret with method.
Jun 29, 2026 at 20:49 11 14
Lars Eriksson
Tokyo: Inflation and BoJ signals validate October hike - JPY carry trade in the red
Tokyo inflation accelerates, BoJ committee members speak openly. The probability of a hike in October 2026 rises sharply. USD/JPY in the 155-157 range: carry trades are on the edge.
Jun 26, 2026 at 08:37 13 13
Heinrich Vogel
BOJ: pro-rate hike consensus confirmed, JPY carry trade remains in maximum turbulence zone
The June Summary of Opinions from the BOJ (06/24) reveals a majority consensus to continue rate hikes. Yen still under pressure, dollar at a 13-month high. USD/JPY in critical 155-160 zone: MoF intervention is no longer an extreme scenario. [ENCADRE titre="Key Takeaways" contenu=" - BOJ signals further tightening - Yen weakens as USD strengthens - Risk of FX intervention rises "]
Jun 25, 2026 at 09:45 10 9
Heinrich Vogel
BOJ hawkish confirmed, dollar at 13-month high: JPY carry trade enters turbulence zone
The Bank of Japan reveals a pro-hike consensus in its June Summary of Opinions. Meanwhile, the dollar reaches a 13-month high against Asian currencies. The JPY carry trade mechanism enters its phase of maximum tension.
Jun 25, 2026 at 03:01 10 8
Heinrich Vogel
BOJ June 2026: Majority Supports Rate Hikes - JPY Carry Trade in the Eye of the Storm
The summary of the Bank of Japan's June 2026 opinions confirms a growing consensus to continue normalization. Over $1 trillion in JPY carry trade positions are in the crosshairs if the BOJ accelerates.
Jun 24, 2026 at 18:35 12 9
Heinrich Vogel
Dollar at 13-month high: yen and yuan sliding, Asian emerging markets under pressure
The DXY at a 13-month high increases pressure on the yen and the yuan. Asian emerging markets are suffering. An FX signal that reinforces the thesis of a prolonged strong dollar cycle under Warsh.
Jun 24, 2026 at 18:04 10 8
Heinrich Vogel
Nvidia chips banned: prices doubled on the Chinese black market, export controls have a downside
Nvidia GPUs under embargo are trading at more than double their official price on China's gray markets-proof that Chinese AI demand far outstrips legal supply, and that sanctions create a scarcity market as much as they curb it.
Jun 24, 2026 at 10:00 10 8
Arjun Mehta
AI Infrastructure: $638 Billion Order Book, 18-Month Low Prices - The Cycle Discount
The AI paradox: the companies building tomorrow's data centers see their stocks decline while their order books overflow.
Jul 2, 2026 at 16:36 9 9
Arjun Mehta
BoJ: Japanese government incorporates "appropriate monetary policy" - signal strengthens ahead of July
The Kishida government includes the coded phrase "appropriate monetary policy" in its draft annual economic plan—a clear signal of non-opposition to a BoJ rate hike in July, as USD/JPY trades in the 155-157 range and JPY carry trade tensions rise. [ENCADRE titre="Key Context"] [ENCADRE contenu="This language marks a shift from previous statements, aligning with market expectations of a potential Bank of Japan (BoJ) policy adjustment amid persistent yen weakness and inflationary pressures."]
Jun 29, 2026 at 17:16 9 11