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

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kodachrome's picture

Bitcoin is currently down on this news.

whotookmyalias's picture

World is a mess but the market is up  It's all good.

 

/sarc

PRO.223's picture

This isn't a stock surge on Obama's sanctions...it's a relief surge on the lack of meaningful sanctions.

Divided States of America's picture

Like I said before: S&P = Sucking Parasite

and it is jumping from stronger performing hosts to even stronger performing hosts to climb higher.

First the host JPYUSD, then AUDJPY, then Gold for a week, then back to JPYUSD for a few more weeks and now EURJPY. See a major connection? Its JPY

Japan is a main issue here as the Japanese have allowed their currency to be used to manipulate the markets higher.

No wonder CHina is peeved as fuck and with whats wrong with the CNY lately, it looks like things are starting to rip at the seams.

Super Broccoli's picture

Why ? ahah well some ppl and corporations expect retaliation and repatriate money parked in russia and china ;-)

Pareto's picture

put your short on at 10:30 eastern.

1fortheroad's picture

Its Fed week.

 

Everybody buys stawks on Fed week.

 

I need a stiff drink.

caShOnlY's picture

Market is busting a nut!!!  I bet the FED is about to reverse taper course.  Goldman locking in early!! muppets be damned!!