Futures

We already saw the destruction this morning in Japanese JGBs, now looking at the futures, this is the most notable thing I see, it's across every timeframe and it's something I've been expecting...

Japanese Yen...

 1 min

5 min

15 min

60 min

4 hour.

The Yen rising is bad for the carry pairs like EUR/JPY, AUD/JPY and generally as of the last 8 months or so, bad for the market and it has positive divergences all the way through.

The Euro and AUD look pretty good otherwise so I'm not sure how this plays out in the pairs, but it can't be good overall for them, this is by far the biggest news in currency probably since the Yen fell on the BOJ statement.

As for Index futures, ES 1 min is in line, 5 min and 15 min are negative. TF 1 min, 5 min and 15 min are all negative and NQ's 1 min is the worst, also 5 and 15 are negative...

NQ...
NASDAQ 100 futures

 NQ 1min


 NQ 5 min

NQ 15 min

The Yen movement is one of the things I wrote about that I thought would have a disproportionate effect on the market when it rises, it looks like it's there, we'll see what it does, but this is by far the most interesting of the futures, even though its not an Index future, it is tied in in so many ways, ways that carry up to 200:1 leverage for long market positions.

Book mark this post, I think we might be surprised how much a currency across the world can effect the market.