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USDJPY Takes Out 102 Stops, Crude Surges On Ukraine Fears

Tyler Durden's picture




 

While the world is watching US stocks and breathing a sigh of relief that they are not crashing (yet) today, there are some significant moves afoot in other critical markets. USDJPY has broken below 102 continuing its slide (JPY strength) on the heels of the BoJ's disappointing lack of additional money-printing. Perhaps even more critically is the surge in prices of oil (Brent and WTI) as news break of tanks rolling once again in Eastern Ukraine. A glance at the charts below and one can't help but wonder how long stocks can hold these gains today...

Brent and WTI surge after this...

  • UKRAINE TANKS HEADING TOWARDS CITY OF LUGANSK, LIFE NEWS SAYS

 

 

Stock remain on their own compared t FX carry....

 

and Bonds...

 

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Tue, 04/08/2014 - 13:09 | 4636095 101 years and c...
101 years and counting's picture

even the "cleanest dirty shirt" eventually gets so disgusting, you want to throw up.....

Tue, 04/08/2014 - 13:11 | 4636106 flacon
flacon's picture

What Would Chuck Schumer Do?

Tue, 04/08/2014 - 13:14 | 4636121 astoriajoe
astoriajoe's picture

Call a press conference and announce an investigation into gas-price gouging.

four...three...two..

Tue, 04/08/2014 - 13:15 | 4636132 moonman
moonman's picture

LOL a fellow New Yorker no doubt. You beat me to the punch

Tue, 04/08/2014 - 13:16 | 4636137 camaro68ss
camaro68ss's picture

If I was putin, I would take a selfy with me on a tank shirtless with the city limit sign, welcome to Lugansk, and send it to Obama asking if “this is the red line?

Tue, 04/08/2014 - 13:20 | 4636155 astoriajoe
astoriajoe's picture

or have a bunch of hot russian chicks in red bathing suits lie down, toe-to-head, in the road and then do the selfie thing. That would be epic twitter nonplomacy.

Tue, 04/08/2014 - 13:23 | 4636160 svayambhu108
svayambhu108's picture

Putin follows peak oil, make sense why RT invites PO guys 

Recently: https://www.youtube.com/watch?v=G1GyIohx-tU

Tue, 04/08/2014 - 13:17 | 4636139 astoriajoe
astoriajoe's picture

yep. that guy drives me nuts, and not in a good way.

Tue, 04/08/2014 - 13:44 | 4636234 moonman
moonman's picture

So that is 2 of us that do not vote for him. Now if we could just convince the other 19,570,259 NY'ers that he is a cockweasel and not worth their vote.....

Tue, 04/08/2014 - 13:50 | 4636263 john39
john39's picture

new York suffers from a high degree of cockweasel infestation...

Tue, 04/08/2014 - 14:53 | 4636555 moonman
moonman's picture

Bell Environmental has a dog that sniffs out cockweasels. Just like bed bugs

Tue, 04/08/2014 - 13:15 | 4636125 moonman
moonman's picture

Call a press conference

Tue, 04/08/2014 - 13:10 | 4636103 holgerdanske
holgerdanske's picture

They can hold the gains, as long as you print and buy indiscriminately.

It might be a collapse of currency before a collaps of the stock market

Tue, 04/08/2014 - 13:30 | 4636180 CrashisOptimistic
CrashisOptimistic's picture

It's like no one paid attention last week.

There is no equities market.  There is only HFT.  So ignore it.  Have nothing to do with it.  Ever.

Buy farmland if you must buy something.

Tue, 04/08/2014 - 13:11 | 4636104 Cattender
Cattender's picture

Paper Fiat RULES Bitches! (don't buy Gold or Silver)

Tue, 04/08/2014 - 13:11 | 4636105 Obama_4_Dictator
Obama_4_Dictator's picture

What does it all mean....what does it mean???

Tue, 04/08/2014 - 13:13 | 4636113 NOTaREALmerican
NOTaREALmerican's picture

The dollar isn't the "currency", something else is.

What could it be?

Tue, 04/08/2014 - 13:17 | 4636118 flacon
flacon's picture

It means that people can now afford to go to Disney World with their obese kids this summer and buy $12 CocaColas while snacking on a $10 bag of chips. As long as their obese daughter still believes the fantasy that she is a "princess" and deserves to be loved for who she is on the inside regardless of the obesity. 

Tue, 04/08/2014 - 13:21 | 4636159 Spastica Rex
Spastica Rex's picture

At what BMI does a child begin to "deserve love?"

Tue, 04/08/2014 - 13:23 | 4636162 camaro68ss
camaro68ss's picture

she has a great personality, code word for "tons o' fun"

Tue, 04/08/2014 - 13:29 | 4636177 flacon
flacon's picture

It's just "baby fat", nothing to worry about. Move along... 

Tue, 04/08/2014 - 14:55 | 4636558 snr-moment
snr-moment's picture

Pretty much anyone up til the point where the child will eventually need body parts chopped.  Then "tough love" becomes a necessity

Tue, 04/08/2014 - 13:39 | 4636199 Wile-E-Coyote
Wile-E-Coyote's picture

she is a "princess" and deserves to be loved for who she is on the inside regardless of the obesity.

Haaa Haa my sister in law is like that, she was very attractive once but has kind of exploded in recent years. She says she can't understand why she puts on so much weight. I can because she is always stuffing her cake hole.

Oh and she claims she is big boned, yeah her belly bone is really over developed.

Tue, 04/08/2014 - 13:14 | 4636122 Gypsyducks
Gypsyducks's picture

Simple. Buy Facebook.

Tue, 04/08/2014 - 13:15 | 4636127 fonzannoon
fonzannoon's picture

It is so fascinating, the whole damn market has migrated to mega cap div stawks. Yes EM has moved up as well but no one owns it. Meanwhile these mega caps are the last stop on the bus before all this "money" spills over into bawnds unless they can convince everyone to get back into the momo sector soon.

Tue, 04/08/2014 - 13:25 | 4636165 Unknown Poster
Unknown Poster's picture

I wonder about the Fed reverse-repos and what that does to the bond market.

Tue, 04/08/2014 - 13:39 | 4636200 Dr. Engali
Dr. Engali's picture

It doesn't impact the bond market. Reverse-repos are needed for short term collateral, quarter end window dressing,  and to prop up money funds. The only thing that impacts the bond market are the bonds the fed is currently monetizing through the primary dealers. 

Tue, 04/08/2014 - 13:45 | 4636237 Unknown Poster
Unknown Poster's picture

Thanks.

Tue, 04/08/2014 - 13:13 | 4636112 mtndds
mtndds's picture

come on, lets get this shitfest going so that we can finally move on with our lives.  I have been waiting too long for a reset to finally happen.

Tue, 04/08/2014 - 13:14 | 4636119 NOTaREALmerican
NOTaREALmerican's picture

Re: I have been waiting too long for a reset to finally happen.

Some have been waiting their entire lives.   

Tue, 04/08/2014 - 13:18 | 4636146 10mm
10mm's picture

That reset will be Nuclear. 

Tue, 04/08/2014 - 13:39 | 4636203 Zwelgje
Zwelgje's picture

stop waiting, do what you like.

Tue, 04/08/2014 - 13:14 | 4636114 camaro68ss
camaro68ss's picture

send katchup face back in to fix everything

Tue, 04/08/2014 - 13:15 | 4636115 spinone
spinone's picture

Stocks can hold gains as long as banks get free money and computers game the "market".

Investing now is a fools game.  Keep your powder dry and wait for the firesale.  Buy when professionals are panicking and the retail investor is revulsed by stocks, promising never to invest again.

I will never buy stocks as long as Cramer and CNBC are still on the air.

Tue, 04/08/2014 - 13:43 | 4636229 eclectic syncretist
eclectic syncretist's picture

I see that earnings estimates for AMZN call for the company to quadruple earnings this year and more than double them again the next, which tells me they are being set up to disappoint big-time, as they've never done anything remotely like that ever.

Tue, 04/08/2014 - 13:15 | 4636131 Bill of Rights
Bill of Rights's picture

Silver is building a bullish move

https://www.tradingview.com/x/y6E6Uctz/

Tue, 04/08/2014 - 13:18 | 4636143 Obama_4_Dictator
Obama_4_Dictator's picture

Don't get me excited....I've seen this before

Tue, 04/08/2014 - 13:26 | 4636167 NotApplicable
NotApplicable's picture

To look at S&G price charts is to not understand that their value has nothing to do with the number of fed notes one might trade for them.

Ten years ago, I watched them all day long, in the belief they would provide the tell for when the SHTF. Then, once the ETFs were started up, I watched as the new paper dance between them and the Crimex made the whole idea MOOT.

Since then, I've come to realize that the SHTF scenario relies upon less fiction than I've found in existence. Things won't break the way I envision, simply because nothing underlying them is real either.

Tue, 04/08/2014 - 13:19 | 4636151 Ness.
Ness.'s picture

PPT putting up a hellava fight today.  

Tue, 04/08/2014 - 13:20 | 4636156 NDXTrader
NDXTrader's picture

But wait - Art Cashin says we're oversold. Oversold from absurd levels never seems to matter of course. Would love to break my rules and allocate even more short (look at AMZN)

Tue, 04/08/2014 - 13:27 | 4636172 NotApplicable
NotApplicable's picture

Unless he says it in the form of a rhyme, or as the punchline of a joke, no one (including Art) cares in the least.

Why he bothers sobering up at all anymore is beyond me.

Tue, 04/08/2014 - 13:29 | 4636176 SheepDog-One
SheepDog-One's picture

Get to work, Mr. Yellin!

Tue, 04/08/2014 - 13:36 | 4636196 Goldenballs
Goldenballs's picture

More forrests,more ink,more zero,s and more lies.Progress unrivaled in 5000 years of modern history.

Tue, 04/08/2014 - 13:36 | 4636197 disabledvet
disabledvet's picture

canon's haven't sounded yet...but all evidence points to war.

Pray for Peace...having said that...

Tue, 04/08/2014 - 14:45 | 4636530 Iam_Silverman
Iam_Silverman's picture

Hey, I see what you did there:

Canons, Prayers.  Nice touch.

Tue, 04/08/2014 - 14:13 | 4636393 CHX
CHX's picture

PPT having a busy day

Tue, 04/08/2014 - 14:20 | 4636424 Wait What
Wait What's picture

i smell a carry trade unwind under way. me thinks there's a trade somewhere between USDJPY and SPX. correlations pairs and whatnot.

Tue, 04/08/2014 - 17:16 | 4636957 OpTwoMistic
OpTwoMistic's picture

What does WTI,  which cannot be exported,  have to do with anything not US???

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