Behind the Rally in Emerging Markets Currencies

The video discusses the current market rally, comparing it to pre-Brexit levels and analyzing risk sentiment. It explores the risk ratio in relation to the S&P 500, highlighting the appreciation of emerging market currencies. The impact of the Fed's tightening on the US dollar and Treasury yields is examined, noting the shift towards currencies with potential capital appreciation. The British pound's performance and the Bank of England's QE challenges are analyzed, along with upcoming UK economic data. Finally, the video delves into the Japanese yen's role in carry trade and its market implications.

What implications does the current U.S. Treasury yield situation have on capital appreciation?

How has the Japanese yen's performance changed in relation to global stocks?