$TSLA +8% in premarket. Looks like that was a weekend well spent in Beijing

bloomberg.com/news/articles/…

Big moves today in China’s bond market. Long-dates CGBs drop for a fourth day.

Why?

bloomberg.com/news/articles/…

Something’s going on with the yen. USD/JPY just swung a full 3 yen down reversing the sharp move on Friday. Speculation in the market is Japan did intervene when the exchange rate hit 160.

Wild Monday

Yen's now at a record low against the Euro

It is a watershed moment for Musk, Dan Ives, MD and senior equity analyst for Wedbush Securities says.

He speaks with Stephen Engle, David Ingles and Yvonne Man on the significance of Elon's surprise visit to China trib.al/TXcSBvY

Some insane moves in Chinese property stocks today. Crazy

Hang Seng Index had best week in 12 years last week. Looks like we’ll open higher this Monday

Looks like the yen’s trading slightly weak…

CHF/JPY - Jan 1971
USD/JPY - May 1990
CNY/JPY - Jan 1993
NZD/JPY - July 2007
CAD/JPY - Dec 2007
EUR/JPY - August 2008
GBP/JPY - September 2008
AUD/JPY - April 2013

$TSLA bottom could be around the corner

Bet many people don’t even know this. There are areas in some major Chinese cities where driverless robotaxis are already shuttling passengers around.

youtu.be/LZ9TAg-FTOM?si…

Chinese stocks rallying hard this week. China set to outperform the US by the most in ~18 months (after a long period of underperformance).

Crazy how a major global currency like yen can half in value in just over 10 years time with almost no political friction. Wild

Boom. Yen falls through 156 against the dollar for the first time since May 10 1990 (to get a sense how long ago that is: the WHO still considered homosexuality a mental illness the last time the yen was this weak)

Bank of Japan out. Bank flags upside risks to inflation this fiscal year, raises inflation targets. Hawkish for bonds. Yen trading weaker, almost took out 156