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As Japan Opens, Nikkei 225 Down Over 500 Points From Overnight Highs - Below 17,000
UPDATE: Nikkei 225 Futs lose 17k - trading 16,985
Time for some GPIF asset re-allocation and spuriously repititive headlines about Abenomics, 3rd Arrows, growth, anti-deflation, or some such bollocks (as they say in Japan). For now, JGB Futures are at all-time record high prices, USDJPY sits back under 119.50, and Nikkei 225 Futures are holding just above the crucial 17k mark - down over 500 points from last night's highs.
Some context for the moves post-QQE-plus...
Charts: Bloomberg
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Where is US$JPY?
They should be showing the yen against a basket. The USD has been on a tear.
https://www.youtube.com/watch?v=VI6tBwVjyOY
King Doellar!
The dollar is a figment of your imagination. It has no intrinsic value. It is worth the paper it is printed on.
A dollar is just a measuring unit. Units of what, I might ask? Perhaps hopium units?
Used to be a lawful amount of money was an ounce of gold equal to a set number of dollars and so many parts of silver. Now it is a unit of printer's ink.
119.17
Looks like consolidation around the 120 mark until the next round of QE by either Fed or BOJ
XAG/XAU monkeyhammering a bit late today....boys are still fuzzy from the long weekend.
Back to your regularly scheduled muppet slaughter.
I think they are going to play the shear 2000-2100 game for a while....
16966. Not off the lows...oop there we go. 16971, off the lows.
Nattering nabobs of negativity;)
Need Nekkei north of 19999, not negative.
there's a nip in the air tonight
A disturbance in The Force.
The force is radiated with this one.
Does irradiated sushi still need to be refrigerated?
Nigga please! Keep that shit in the safe wrapped in a lead blanket.
Just reading on Reuters that the US FED is blaming weak economies like Japan for not being able to raise interest rates, we could see a mild drop (a little scare or crisis somewhere) to back this up.
Ah the US, always blaming the other butt pirates for the sinking ship.
"We buggered some folks"
Regarding Japan...
My old man would look at those charts and tell you it looks like Japan is trying to push the udon up a cat's ass.
He had a way with words he did.
Wait, does Bullard speak Japanese?
Japan does it's own QE pump monkeying.
They don't james Bulltard.
Looks like it's Japanese QEing until the Yen dies.
We get a preview into how the Federal Reserve kills the dollar.
Hyper deflation here we come!
That'll leave a mark...
Could we have sushi for breakfast
Mummy dear, Mummy dear
They got to have 'em in Tokyo
Cos everyone's a millionaire...
[/Shinzo "the Supertramp" Abe]
BTMFD!
Something tells me tomorrow is going to be a massive ramp up day.
BTFD
It's OK, cuz Gartman bought the Nikkei w/ oil & gas partnerships denominated in rubles . . . or, did he short gold in yen?
the entire system is fucked
Show the yen compared to gold. You know your central bank is fucking retarded when they can't even beat a shiny rock.
Just a healthy dip. Buy with both hands because ... you know.
Hmmm, what's that? It sounds almost like, incoming planes or something...weird...
So this will be another 500-650 off the DOW tomorrow or ....will they pump harder? Where is that man who said he had a phone and a pen when you need him?
Nailgun
kinda hard to pump when oil keeps going down and trust me, nobody is bidding oil up enough right now to cause a decent spike
every pump gets sold right into
fundamentals are all against higher oil