Right on the open the USD/JPY headed higher taking index futures with it, but they are not confirming the early strength.
USD/JPY off to the upside right at 9:30, $101.81
ES lacking confirmation
TF lacking confirmation
NQ looks better, but still not confirmation.
However as I said, if we break $102 and get a dead cat bounce, it works just as good as a bounce off a base.
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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