🇳🇿 4th current acct surplus + short covering sends AUD thru Dec19 highs, pulling $SPX #NKY risk assets↑

AUDJPY / $ES ratio spread ↓ as SPX catches up→ $VIX ↓

3 major CBs implementing/expected YCC: BOJ RBA &amp; Fed→ fixed yield spreads→#AUDJPY #AUDUSD leveraged carry trade https://t.co/tgqy8wBzQl