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7th Time Was Not The Charm, S&P Tests 1,700 And Dumps
For the 7th time in the last day or so, the S&P 500 has tested up to the magical 1,700 level and failed. With JPY once against strengthening as carry unwinds re-escalate, we wait breathless for a deja deja deja vu repeat of the last 3 days post-European close rampfest...
as JPY retraces its overnight ramp weakness...
Charts: Bloomberg
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