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JPY Selling Panic Lifts Stocks To Tuesday's Open

Submitted by Tyler Durden on 05/21/2014 09:07 -0400

Just as we saw yesterday, a pre-open buying panic in stocks has been triggered by a selling scramble in JPY against the USD (which ramped the pair to the crucial 200DMA). Treasury yields are following suit (10Y bounced off 2.50%) and pushing higher (30Y above yesterday's high yields). The USD is well bid (on EUR weakness) and precious metals are modestly lower. Copper is under pressure. Just remember how yesterday's pre-open run-stop ended...

JPY leading the way...

dragging yields higher...

Charts: Bloomberg

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Wed, 05/21/2014 - 09:10 | 4780771 101 years and c...

only 1 POMO for the rest of the week. how can "markets" operate when the fed only prints 1B over a 3 day period. i hope the sec, fbi and cia are investigating this!!!

Wed, 05/21/2014 - 09:36 | 4780812 LawsofPhysics

REPO

By the way, now that the moneychangers have complete regulatory capture, all those government alphabet agencies you refer to are now in on the con.

Wed, 05/21/2014 - 09:13 | 4780788 Hindenburg...Oh Man

Sell the yen, smash down gold, elevate futures; so much to do before 0930. It must be tough working the graveyard shift.

Wed, 05/21/2014 - 10:07 | 4781020 zorba THE GREEK

Only difference now is, since ZH exposed the Tuesday 'pump and dump', it has been moved to Wednesday.

Wed, 05/21/2014 - 09:16 | 4780806 NDXTrader

BOJ and/or Fed intervention this morning. The selling was starting to avalanche. USD/JPY breaks 100 and you can kiss the stock market goodbye

Wed, 05/21/2014 - 09:26 | 4780848 Headbanger

Can I kick it goodbye instead?

Wed, 05/21/2014 - 09:15 | 4780807 fonzannoon

this is a very dramatic way of titling the post "market set to go up. again."

Wed, 05/21/2014 - 09:27 | 4780857 The Axe

How do they do THAT??? its not a pennystock from 100.83 to 101.32 crazy

Wed, 05/21/2014 - 09:31 | 4780873 pound the vix

Unlimited money and scared hedgefund managers who are underperforming

Wed, 05/21/2014 - 09:28 | 4780866 thismarketisrigged

EVERY FUCKING DAY THAT STUPID UGLY CUNT SPEAKS, THE ''MARKET'' ENDS HIGHER BY TRIPLE DIGITS.

I HOPE SOMEONE KNOCKS THAT STUPID UGLY CUNT OUT. I FUCKING HATE HER

Wed, 05/21/2014 - 09:29 | 4780868 observer007

Ebay hacked?

EBay Inc issued a notice on its websites asking users to change their passwords, but took down the message a short time later without explanation.

http://tersee.com/#!q=ebay&t=text

Wed, 05/21/2014 - 09:33 | 4780884 jubber

huge moves in Europe on the back of this shit and obviously stops taken out everywhere...BTP up 160 points ! DAX up 120, IBEX up 150 FTSEMIB up 450...just the same bollox everyday

Wed, 05/21/2014 - 09:37 | 4780899 dobermangang

TGT and AEO missed and warned. More pain for retailers ahead.

Wed, 05/21/2014 - 09:42 | 4780912 medium giraffe

ssdd, btfd or gtfo

Wed, 05/21/2014 - 09:40 | 4780913 SheepDog-One

Worthless stawks rise ever higher as the U.S. LOLlar 'GRC' 3 ring circus tent is deflating down on our heads. Get ready for the Grande Finale clownshow, it's gonna be a doozy.

Wed, 05/21/2014 - 09:44 | 4780929 GrinandBearit

Up, down, up, down, up... goes the algos.

Wed, 05/21/2014 - 09:46 | 4780940 SheepDog-One

I watch this stuff and all I can think of is 'Weekend at Bernies'. Lift this arm...tie that leg to this leg...OK now we're walking...hey wave to that chick Bernie hellooooo party on today at Bernies YES!

Wed, 05/21/2014 - 10:08 | 4781030 ChargingHandle

The mantra chant.. If you not manipulating you're not working.

Wed, 05/21/2014 - 11:19 | 4781345 Yen Cross

I told you guys to BTFD.

Wed, 05/21/2014 - 13:42 | 4781968 hoist the bs flag

Wednesday,,,,the new Tuesday. Disclaimer: New Wed's numbers will (or maybe not) be replaced on the upside for next Tuesday...(tax, title not included)

JPY Selling Panic Lifts Stocks To Tuesday's Open

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