EURJPY Ignites Stock Surge On Obama Sanctions (Bonds & Bullion Shrug)

Tyler Durden's picture

US equity markets are jubilant at the decision by President Obama to apply travel sanctions against numerous Russian citizens and entities (though we - like every other rational investor out there - are confused as to why this would be). The simple reason is a surge in the EUR (repatriation on this move by Obama) which jerked EURJPY dramatically higher and thus - smashed S&P 500 futures up over 12 points (on negligible volume)... Bonds and gold have hardly moved on this decision...

 

EURJPY rules stocks...

 

and nothng else cares...

 

Charts: Bloomberg