The AUD/JPY is leading the market down with $AUD weakness hitting 9 month lows. USD/JPY seems to have lost all correlation as we have been seeing, to equities/Index futures, rather it seems like yields like the 10-year have been set to correlation very different than the last several years, but hints of this have been surfacing for weeks as well as Treasury weakness with TLT almost 2 weeks ago.
The $USD just hit 15 month new highs on $AUD weakness.
Right now the SPY is trying to put in a positive intraday divergence. I think we'll see a bounce here momentarily and asses the damage on that bounce.
As for AAPL calls, for now I'm leaving those open.
I have numerous alerts triggering which would make sense for them to make their runs before it's too late, I've been trying to keep up with those.
I'll also have an MCP update out shortly.
So did the F_E_D tell Citadel to reprogram the USD/JPY pair away from ES/SPX futures and to yields? It sure feels that way.
5 years ago
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