Yen Momentum Ignition Launches S&P500 On Its Way To All Time High

Tyler Durden's picture

UPDATE: USDJPY retraced the POMO spike...

So VIX takes over...

 

The S&P 500 is screaching back towards its record all-time highs with a little help from a USDJPY-sparked momentum ignition and a $4-5 Billion POMO... behold the efficient markets...

 

 

What a farcical joke... For now, VIX ain't buying it...

 

Chart: Bloomberg