The
first chart is monthly chart of Emerging Market bond ETF. If we see in this
chat it looks like a long term reversal pattern. Once EMB breaks below 100
levels we may see a multi month bear market in emerging market bonds.
Similarly if we look at the Asian Dollar index we can see that
Asian currencies have already broken below multi-week support. The next support of Asian currencies is at
106 levels. Once that support is taken out most of the Asian currencies will
see sharp depreciation against USD.


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