Pips for Breakfast
The moves, the mayhem, and the lessons that still matter.
Pips for Breakfast: July 5, 2026
Japanese workers finally got a 5% raise, and while that's great for their grocery bills, it might finally kill the yen carry trade that's been on life support...
Pips for Breakfast: July 3, 2026
The US market is closed, meaning the liquidity pool just became a puddle and the Euro is currently the only adult in the room.
Pips for Breakfast: July 2, 2026
Non-Farm Payrolls day is here, the monthly ritual where we all pretend to be labor economists for twenty minutes before returning to our regularly scheduled...
Pips for Breakfast: July 1, 2026
Japan spent the last quarter trying to save the Yen, yet here we are at a 40 year low, proving that even central banks can't fight the math.
Pips for Breakfast: June 30, 2026
The Yen is currently trading at levels not seen since the original Top Gun was the number one movie in the world.
Pips for Breakfast: June 29, 2026
Japan decided that doubling its growth to a staggering 1% is a bold vision for the future, and Goldman thinks the World Cup is a job fair.
Pips for Breakfast: June 28, 2026
Governor Bullock is speaking on a Sunday because central bankers view weekends as an inefficient use of human capital.
Pips for Breakfast: June 26, 2026
Polestar is getting kicked out of the US in 2027 because apparently having the wrong parents is a trade violation now.
Pips for Breakfast: June 25, 2026
Washington is releasing four major reports at the exact same time, which is less like a data release and more like a tactical air strike on your morning margin.
Pips for Breakfast: June 24, 2026
Ten years ago today, the UK decided to break up with Europe via a text message sent at 4 AM, and the Pound still hasn't quite recovered from the ghosting.
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