Richard Jones has traded and invested in interest rate and FX market portfolios spanning three decades, both on the buy-side and sell-side. He was also an FX & Rates Strategist with Bloomberg News’ Markets Live and First Word products.
Meet Richard Jones
Recent Articles
Economics & Growth
Momentum Models Gain as FX and Fixed Income Outperform Equities
Richard Jones
When evaluating the performance of our momentum models we are considering the average performance across the one-, three-, and 12-month momentum models. Summary Momentum models were up 0.1% over the past week, with positive performances in fixed income and FX countering negative equity returns. Equities were down 1.9% WoW, while bonds were up 0.6%, and […]
G10 FX Weekly: MoF Must Act on USD/JPY as Talk Is Cheap (and Ineffective)
Richard Jones
Summary The Japanese Ministry of Finance (MoF) has continued verbal intervention, warning the market it is unhappy with USD/JPY price action and is prepared to push back against the JPY selloff. USD/JPY has continued rallying this week, breaking 154 for the first time in 34 years. The US Dollar Index (DXY) has had its strongest […]
Momentum Models Gain as USD Bullishness and Fixed Income Bearishness Intensify
Richard Jones
When evaluating the performance of our momentum models we are considering the average performance across the one-, three-, and 12-month momentum models. Summary Momentum models were up 0.4% over the past week, with positive performances in fixed income and FX outweighing negative equity returns. Equities were down 0.7% WoW, while bonds were up 1%, and […]
G10 FX Weekly: USD/JPY on Intervention Watch; US Yields Becoming Stretched
Richard Jones
Summary After last week’s US jobs report and yesterday’s CPI data, US yields have exploded higher and have made new year-to-date (YTD) highs across the curve. USD/JPY has also accelerated quickly, closing above 152 for the first time in TKTK years, which greatly increases the probability of JPY intervention by the Japanese Ministry of Finance […]