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JPY Bid Squeezes Equities To Retrace 'The Hilsen-Ramp'

Tyler Durden's picture




 

As goes USDJPY, so go US equities (and bonds)... as stocks retrace 'The Hilsenramp'

Market tractor-beamed around 2.10% for 10Y, 1630 for Sept S&P futures, and 94.00 USDJPY until...

 

Charts: Bloomberg

 

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Fri, 06/14/2013 - 13:49 | 3658803 slaughterer
slaughterer's picture

USD / JPY ==>  93

Fri, 06/14/2013 - 13:51 | 3658807 TheEdelman
TheEdelman's picture

93 => the JPY is going to kamikaze its own home

Fri, 06/14/2013 - 13:54 | 3658818 valley chick
valley chick's picture

when does it just crash and burn?

Fri, 06/14/2013 - 13:57 | 3658832 CrashisOptimistic
CrashisOptimistic's picture

It's just numbers on a screen.

The phrasing crash and burn only becomes meaningful if people start dying in large quantity.  If a number arbitrarily set changes to another number also arbitrarily set by gov't decree, this is not a crash and burn.

 

Fri, 06/14/2013 - 14:15 | 3658889 nope-1004
nope-1004's picture

The FED's direct monetary policies are ineffectual.  Now the PR campaign of Hilsenblab is ineffectual.  Can't anyone in the .gov see what a bunch of failures they are?  I love the repetativeness though, not like repeating the same thing over and over expecting a different result is indicative of insanity or anything.

 

Fri, 06/14/2013 - 14:56 | 3659052 Lore
Lore's picture

Re: "Can't anyone in the .gov see what a bunch of failures they are?"

This is a matter of central bank policy, not government.

Fri, 06/14/2013 - 14:16 | 3658902 DeadFred
DeadFred's picture

Yet we seem to be getting to the point that people are wondering about crash and burn being a real possibility. Consider a new alternative to the now dead Tuesday ramp which would be the Friday flop. I predict weakness on Fridays as people minimize exposure to each weekend. VIX will rise and equities sell off. It could be informative to watch for changes in ratio of the two. 

Fri, 06/14/2013 - 14:48 | 3659024 Middle_Finger_Market
Middle_Finger_Market's picture

No camping over the weekend. 

Fri, 06/14/2013 - 14:18 | 3658879 Yen Cross
Yen Cross's picture

    LMAO. The key number is 92.571 area.(the bottom of the current up wave)

   I'm going to buy you a neck brace for Christmas. You're going to need it for the "whip-lashing" you're going to get if you make that trade. Moron

Fri, 06/14/2013 - 14:29 | 3658940 NoDebt
NoDebt's picture

Yen- would you mind explaining that a little further?  I'm in over my head as to what's going on, other than a back-up after an historic run.

Right now, my spidey-sense is tingling.  Has been for a few days.  Something feels different here.  This isn't just the usual "they'll print more money and save the day" thing.  Last time we talked about the Fed's "exit strategy" it was only a few months later everyone was screaming again for more money printing (after significant market pain).  And the mere existance of the Japan debacle makes even our own Fed's decisions more complicated.

I rarely feel as lost as I do right now trying to get a handle on even the broadest trends.

I don't want to be the guy calling the top but I'm starting to see multiple things all pointing towards a painful reconnection of the markets with economic reality.

Fri, 06/14/2013 - 14:45 | 3658982 Yen Cross
Yen Cross's picture

     Extremely oversold in thin markets. Positioning in front of the Fed. next week. The 38.2% Fibi of 77.073- 103.737 comes in just above 93.50. The usd is extremely oversold, and if the markets have a large correction the dollar should be bid. Either way the dollar is due for a retrace, which should take usd/jpy higher.

    [IMG]http://imageshack.us/a/img19/5227/aaxw.png[/IMG]

Fri, 06/14/2013 - 18:10 | 3659573 NoDebt
NoDebt's picture

OK, understood.  Thanks.

Fri, 06/14/2013 - 13:58 | 3658838 TheMayor
TheMayor's picture

Called to try to buy more specialty ammo yesterday, they won't get more brass until August! and won't have any to sell until September!!

What does that tell you? 

Fri, 06/14/2013 - 14:14 | 3658896 NotApplicable
NotApplicable's picture

October Surprise?

Fri, 06/14/2013 - 14:00 | 3658839 bnbdnb
bnbdnb's picture

Query ZH, Return ((0)), Sub Buy(SPY)

Fri, 06/14/2013 - 14:07 | 3658870 riskon.then.riskoff
riskon.then.riskoff's picture

USD / JPY ==>  95!!!

Fri, 06/14/2013 - 14:10 | 3658880 BlueStreet
BlueStreet's picture

1580 next week ... please. 

Fri, 06/14/2013 - 14:27 | 3658943 optionsman
optionsman's picture

i dont know whether to laugh or cry on the Hilsenramp word and notion.... i feel like using very poor manners words though

Fri, 06/14/2013 - 14:30 | 3658953 pragmatic hobo
pragmatic hobo's picture

stocks ramping up to vwap ... it must me 10 minutes to 14:30, ...

Fri, 06/14/2013 - 14:30 | 3658956 The worst trader
The worst trader's picture

And here comes the 3:00 ramp, all is well nothin to see here.

Fri, 06/14/2013 - 14:33 | 3658965 CDNX fan
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BUY LIMIT POSITIONS in the VIX and get rich!

Do NOT follow this link or you will be banned from the site!