'The Machine' Is Hard To Fade But Top Goldman Trader Fears Rates Are 'On The Verge Of Mattering Again'

Japan’s upper house election wasn’t great - far right did better, leading to political gridlock - but with the bond market closed, USDJPY is lower and NKY futures are small higher.

Top Goldman Sachs trader, Rich Privorotsky, says it feels like a non-event for now.