Markets face a rare phenomenon, divergence between stock indexes and USD/JPY
One of the most surprising financial events in June is the stock indexes rise. Investors are less and less confident in the US-China trade battle de-escalation after the G20 summit, the US growth is slowing down, corporate profits are getting weaker, but the S&P 500 is hitting its all-time highs. It is mostly explained by the expected easing of the Fed’s monetary policy; however, if the central bank is to cut the rates, it will be only because of a slower GDP growth and the inflation failure to reach
