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Yen Carry Slides In Early Pre-Open Trading

Tyler Durden's picture




 

Between China's dismal trade deficit data (desperately defended by several sell-side strategists proclaiming it's just lunar new year 'noise' - aside from the fact that all the same strategists 'knew' the dates and still missed by 6 standard deviations) and the esclalations in Ukraine, it appears 'confidence' is a little shaken in the status quo. JPY has opened notably stronger dragging Yen carry trades lower and implying notable losses on the open for stock futures...

 

 

Charts: Bloomberg

 

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Sun, 03/09/2014 - 14:34 | 4528011 Osmium
Osmium's picture

The futures may open lower, but they will ramp them all night to open green.  Same old bullshit.

Sun, 03/09/2014 - 14:39 | 4528024 HaroldWang
HaroldWang's picture

We could be in store for the token down day, like SPX down 10 tomorrow, so everyone can tell the world it's a buying opportunity. Spin masters come out and SPX rallies 25 on Tues. Rinse and repeat every weekend on news.

Sun, 03/09/2014 - 14:49 | 4528049 IndicaTive
IndicaTive's picture

Downvoted you for spoiling the surprise. :)

Sun, 03/09/2014 - 16:24 | 4528275 flacon
flacon's picture

I've been holding my puts on SPY and added puts to IWM (Russell 2000) on Tuesday after that huge spike up to the top of the trendline. Don't get shaken out this time..... vote in Crimea on March 16 could be a watershed moment. 

Sun, 03/09/2014 - 15:19 | 4528129 Headbanger
Headbanger's picture

Moar like SPX down 50 you mooks!

Sun, 03/09/2014 - 17:17 | 4528212 TheRideNeverEnds
TheRideNeverEnds's picture

The ES opened down a full point!  Buy the dip!

Sun, 03/09/2014 - 14:56 | 4528066 mac768
mac768's picture

The beginning of the end

Sun, 03/09/2014 - 15:21 | 4528135 Headbanger
Headbanger's picture

No.. It's the end of the beginning and into the real bloodshed now.

Sun, 03/09/2014 - 14:36 | 4528014 Spastica Rex
Spastica Rex's picture

it appears 'confidence' is a little shaken in the status quo.

When parsed correctly, an appropriately milquetoast statement.

Sun, 03/09/2014 - 14:39 | 4528023 FiatFapper
FiatFapper's picture

Same shit, different day; they'll lure the carry traders into a risk-off sentiment at the start of the week before selling JPY again which will push SP to 2k.

Sun, 03/09/2014 - 14:43 | 4528029 Overleveraged_a...
Overleveraged_and_Impatient's picture

This is exactly how it started last week... and that was amid all the Russia/Crimea drama as it was happening. 

Sun, 03/09/2014 - 14:43 | 4528034 Atomizer
Atomizer's picture

According to the US media, all Americans should hate these brown terrorist people. I find this man rather brilliant in explaining past monetary history.

Sheikh Imran Hosein - 20130223 The International Monetary System & Future of money

The globalist are pissing in the wind. We will collapse them before they score on the options bet.

 

Sun, 03/09/2014 - 14:46 | 4528047 Kaiser Sousa
Kaiser Sousa's picture

Dow 18,000

S&P 2,000

Gold $400 (phony paper price)

Silver $5.00 (phony paper price)

DEATH TO THE MONEYCHANGERS......

 

 

Sun, 03/09/2014 - 14:58 | 4528071 jbvtme
jbvtme's picture

do you have a newsletter?

Sun, 03/09/2014 - 14:56 | 4528068 Sufiy
Sufiy's picture

Shoker:


Koos Jansen: Chinese Gold Demand 418 Tonnes YTD, West Confused 


 Koos Jansen reports another set of numbers indicating that the unprecedented demand for Gold from China continues well into 2014 and even gathering pace. We can see China's state-level military plan to accumulate Gold in action.Withdrawals from the Shanghai Gold Exchange Vaults account for 418 mt of Gold year to date. China alone is taking out annualised Gold world-wide production now!    The acquisition of a serious Gold Mining Assets will be the very logical next step for China now. http://sufiy.blogspot.co.uk/2014/03/koos-jansen-chinese-gold-demand-418....

Sun, 03/09/2014 - 15:01 | 4528082 PowerPlayer
PowerPlayer's picture

I was short last Monday and Tuesday.  I won't make that mistake again.  The market might drop, but some BS headline will cause the market to just rip upward.  Even if you are right when you short you still lose.   

Sun, 03/09/2014 - 15:11 | 4528111 CrashisOptimistic
CrashisOptimistic's picture

Stop trading.

Why not buy some farmland with a local sharecropper on it?

Which has a better chance of helping you?  Owning farmland or owning stocks?

Sun, 03/09/2014 - 15:20 | 4528132 Kaiser Sousa
Kaiser Sousa's picture

dont waste your time...

if he wants to feed the Beasts that r feeding upon him - let him....

better off tryin to sway those who r not under the MoneyChangers spell..

Sun, 03/09/2014 - 16:54 | 4528342 Hindenburg...Oh Man
Hindenburg...Oh Man's picture

Don't short this market. buy gold, and perhaps even paper gold and gold miners, but for the love of god don't go short. 

Sun, 03/09/2014 - 17:04 | 4528364 Bear
Bear's picture

This is not music to my ears.

Sun, 03/09/2014 - 15:11 | 4528109 gann1212
gann1212's picture

watching the dax see how it trades. it leads europe . if dax tops world tops imo. but ha ha ive thought that before

Sun, 03/09/2014 - 15:19 | 4528127 arnoldsimage
arnoldsimage's picture

honey badger doesn't give a shit about the yen carry trade. dow will open green in the morning.

Sun, 03/09/2014 - 15:37 | 4528174 TruthInSunshine
TruthInSunshine's picture

Bernanke's Honey Badger Markets.

"Ewwww, look at that gross Honey Badger rip apart & scarf down those toxic assets with other people's credit/debt. Ewww, look at that gross 4.2 trillion dollar Honey Badger Market balance sheet. Honey Badger is like 'whatever.' Ben Bernanke's Honey Badger Markets don't give a shit."

Sun, 03/09/2014 - 16:35 | 4528298 NDXTrader
NDXTrader's picture

Shhhhhhhhhhh!!!! Quit jinxing every down move ZH. We are getting close to some real downward action after the USDJPY skyrocketed Thurs/Fri and equities barely budged

Sun, 03/09/2014 - 16:52 | 4528338 Hindenburg...Oh Man
Hindenburg...Oh Man's picture

Token down monday followed by a week of rabid buying. 

Sun, 03/09/2014 - 17:19 | 4528403 NDXTrader
NDXTrader's picture

And slowly but surely the USD/JPY is getting jammed higher before equity futures open. The Japanese just refuse to let it go down. And really it's a win-win for them - devalue their currency and lift stocks. At some point it will break, but they have a lot of firepower

Sun, 03/09/2014 - 18:01 | 4528404 Yen Cross
Yen Cross's picture

 

  I held my short risk trades over the W/E. Odds were pretty stacked against additional gains going into the start of this week/weak. I wouldn't be surprised to see some week short positions taken out on the retrace by the parasitic F/X {Remoras'}.

Sun, 03/09/2014 - 18:26 | 4528604 marginnayan
marginnayan's picture

ES down just 3 whole food stamp points.

Let the f take down begin. Chuckles.

 

Sun, 03/09/2014 - 19:05 | 4528732 thismarketisrigged
thismarketisrigged's picture

as long as the printers r working, the market shall continue higher.

 

news, data, irrelevant.

 

now if there was an ink shortage, then maybe stocks would fall, other than that, buy buy buy

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