Australian dollar rally meets the Widowmaker

DXY is moot:

AUD stopped falling:

CNY did not:

Brent is dancing along the cliff:

Dirt yawn:

Mining smash:

EM doom:

Junk hope:

Yield firm:

Stocks party:

The AUD rally has a new challenge, and it is significant.

Called the Widowmaker, it is the thesis that Japan is about to exit deflation and the central bank tighten.

As noted here many times, good luck with that. New wage and inflation data are suggesting no such thing:

When the Widowmaker comes to town, JPY is nowhere to be long, meaning CNY downside pressure will intensify.

Both will slay the AUD:

If the Widowmaker lives, AUD dies.