Currency Update

As far as "Something" to act as an engine for this market because it can no longer do it for itself, the SPY Arbitrage gave out as VXX gained ground and HYG lost it, even what TLT lost is not enough to make up for 2 of 3.

As for the FX carry, the USD lost strength and the Yen is gaining it, so there is no artificial driver in place right now.

 USD/JPY intraday has gone negative and lost upside momentum

Here's the negative in the $USD alone since the 9:30 open

This is the Yen alone since 9:30, you can see why the pair is not able to gain much lift.