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RE: Early Market Update and How Central Banks Operate in the FX Market.
A Black Swan event is always a possibility and as you said it is something virtually no one expects or sees coming.
A Black Swan event is always a possibility and as you said it is something virtually no one expects or sees coming.
That's what makes me wonder about "broadcasted" events, in the sense that people are already aware of them. The real "black swan" is the one that nobody is talking about, lurking on the sidelines.
I would've expected Japan's JGB market to implode by now, but it is taking its sweet time. Maybe later this year?