ES-Catch Down to EUR/JPY

As seen in a.m. observations, the continual spal down of the Yen is having a shorter and shorter half life, this time overnight it came from the BOJ, however as I showed earlier, loss of downside in the Yen and increasing downside in the Euro brought the EUR/JPY off the overnight highs.

Here's the FX pair vs ES on the open.

EUR/JPY in red/green candlesticks and ES in purple.

The only index that hasn't made it's even Centennial pit stop is the NASDAQ Composite at $4k, which is only about 5 points from doing so on a 0.08% move so far, it was near 9 points before the open.

I'd think they'd want to close it there as it makes for a great headline for all the new retail Mutual Fund flows.

October saw levels the largest monthly inflow in to Domestic US Equity funds (retail chasing headlines), the last time the monthly flow was higher was 2007, the market top.