I'll probably show the charts in the Wrap, however USD/JPY moved to the $118 level, took out stops (this is a very high level and Index futures as well as Nikkei 225 futures are usually glued to it).
Other than some blah looking indications among intraday leading indicators and a very blah response to the minutes, the fact Index futures DID NOT hitch a ride higher with USD/JPY nor did Nikkei 225 futures may be the market telling us something.
I'll get the charts up soon, but I have more to uncover before the close.
Is interest rates about to start going up?
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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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