Interestingly over night we had another rumor out of Reuters, from an unnamed source close to the Prime Minister's office saying that PM Abe will likely hold off on a planned sales tax increase, the ironic thing was Reuters reported this story, the exact same story over the weekend, but they run it again two days later while the algos are running and just at the European open sending the USD/JPY ramping higher to 116, just about 200 pips higher. In any case, there's your Reuter's ramp job which is far from the first over the last two weeks alone, not to mention years.
Also the F_E_D's Rosengren said the F_E_D should aggressively fight low inflation as aggressively as high inflation and should be patient in rising rates until there's more certainty, but he added there are a number of forces conspiring against that...?
Today being Vetrans' Day will see the US Bond market closed (no checks and balances), Chicago pit trade is closed while NYSE and NYMEX remain open and CME FX and Interest Rate open outcry markets are closed, but CME's Globex electronic market is open.
We start the day with ES and NQ intraday in line, but TF/Russell 2000 is showing a pretty sizable negative divegrence right now.
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