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USDJPY 102.00 Is The Line In The Sand
As Rick Santelli just noted, the JPY carry trade is the only thing that matters. It is the only fun-durr-mental factor that matters (implicitly or explicitly encouraged by the varying velocities of BoJ and Fed balance sheet flows). To that end, this morning has seen the crucial Abenomics make-it-or-break-it 102 level for USDJPY tested once again... and then instantly ramped (by Nomura we suspect by all market chatter accounts). We will wait for Europe's close to see reality.
It is all about generating momentum ignition in S&P futures - as we have discussed numerous times. Yesterday we saw a similar disconnect which collapsed back to JPY reality into the close - will today be the same...
Charts: Bloomberg
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Like betting on a seesaw.
they need to step in very soon. A 10% drop can be talked about as healthy, but is absolutely not allowed to happen.
@fonz
Nomura/Fed/Citadel/PPT can't hold it forever.
They are defending and trying to close this week above last week's low ES 1780 level, or all hell breaks loose next week.
^ This.
Closing below last week's low will trigger a major sell signal and blood bath next week.
agreed, and amazingly that seems to be how it's looking right now. After this european close rally dogshit i'd be shocked if we don't resume dump mode. Then you gotta wonder if they need to go to a hilsenbarf rumor or something near the close to do damage control.
Bond yields down, S&P losses cut in half, Euroland is "off the lows", and gold smacked. Kevin is on the job.
Cocaine is one hell of a drug, but I hear monetary crack is even worse.
I personally think it sucks that I have to hope for a phony currency like the yen to go UP in value for the stock market to correct toward reality.
twin brothers of different mothers!
keep finding each other.
Many technicians waiting for 100DMA on ES to be crossed. Has not yet.
Looks like we will have a chart like 2008 in 2014.
Nice shorts.
The "market" is becoming less important (most insiders are already out), however, sovereign debt MUST expand. You will buy treasuries, yes you will.
hedge accordingly.
As long as Obama drew the line we're cool
As long as Obama drew the line we're cool
Well if it isn't Fonz... the No Taper Ever Cheerleader in Charge!
Why "is absolutely not allowed to happen"? So you don't get your ass kicked!?
This pig of a market is about to get slaughtered so it isn't going to fly anymore!
Look at the 10yr you fuckin Mook! By the way, I owe you some credit, I have been using mook on and off since you called me it. It's a fine word.
and full disclosure, I have been buying this dip. Some more pain may or not be ahead. But this is just a setup for the uber dove to save the day.
All you need to know is which side of the seesaw Yellen is on.
...and with a feather on the other side.
Market about to go green. I think this is Ben's last day....can not have a down day today.
almost 10,000 layoffs today:
http://dailyjobcuts.com/
not in the tally yet:
http://www.bloomberg.com/news/2014-01-31/leucadia-beef-unit-to-close-pla...
It is a pretty weak defense of 102 today. The Nomura algos can barely get USD/JPY above 102.30 and then gravity takes over. Its either because its Friday or something is up in Japan for the weekend.
Yep, something's probably up...I'll call my buddy there, his name is Ho Li Fuk
Japan and America are both mired in deflationary endless recessions. Print print print. Deflation deflation deflation. Weird shit.
The stat arb algo's will shut this down
i hope yall caught the action in the last 15 minutes in the Fraud Market....
from down 185 to 120 in a minute...
fucking hilarious....
and what we do without this kind of action in the phony paper Silver and Gold markets..
http://www.chartseeker.com/images/AG-24HR-LG.png?1391184907
$3.75 - $4.75B POMO Oh that's the stuff also didn't hurt
The trading desk at the NY FED is buying like MAD....hold that line.....crazy
Market losses just cut in half the last 30 minutes or so.
SELL...SELL...SELL - come on everyone don't let them win!!
What is the airspeed of a fully laden European balance sheet?
(the answer is hard to swallow...)
http://www.youtube.com/watch?v=y2R3FvS4xr4
HELP HELP I'M BEING REPRESSED!
The ten year bond is at 2.66. It's almost like this controlled demolition were planned or something.
If this is true, and today's POMO doesn't paint the tape, then thing might get interesting, just maybe. Are people piling into shorts yet, maybe in euroland?
The shorts best not get too greedy. One word out of Yellen via Hilsenbarf and the shorts will find themselves on the wrong end of a rally.
Tickle me ElMoMo.
wow, amazing how the ftse, cac and dax all cut there losses by more than half.
no fraudulant markets to see there.
i hope u guys r enjoying watching the Dow move upwards a point a minute...now down only 96 points...
really???? this is your fucking markets....
what a load of bullshit....
can it be anymore obvious????wait for it...................
FUCK NO!
A point a minute? Try 10 points per fucking fantasecond. Fuck this shit
A point a minute? Try 10 points per fucking fantasecond. Fuck this shit
Just the volatility in PMs is telling me something big is going down and there is a momentous paper effort to keep it under control. The bankers are trying to stick more and more fingers into the breaking dam.
yeap - no doubt...
and im happen to be sitting on a decent pile of debt coupon dollars that i been throwing right back at the fucking MoneyChangers in exchange for real money....
wanna play paper games - fine with me you fucking sociopath asshole banker bitches....
Market is "off da lowz" by 125 points based on.....?????????????
Fuck you yellen and fuck you Bernanke
Fuck you Bob Piss on me and especially you Cramer.
Fucking Pisani...
i swear im seriously thinking about flying to NY to c if i can get on the floor with him just so i can bitch slap him as he goes into one of his propganda hazes...
FUCK YOU CNB-ITCHES....
you are on fire tonite man
I covered my long yen today because I figure its basically the same position as all the short deltas I have what with the 1:1 correlation to the ES. The Euro looks better to my eyes, It is also sitting on a horizontal but it has already broken the intermidiate uptrend yesterday; I think we are going back to 1.34 at least.
Mr. Abe. Paging Mr. Abe.
Fake Market, Farket