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Why 123 Is The Most Important Number Of The Day For Stock Bulls
With no bond market to keep algos honest, it's all about USDJPY (until the VIX ramp at the close)..
Surprise...
Charts: Bloomberg
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how is the yen at 123 and not 123000
Unreal how utterly obliterated the 'markets' are by the HFTs and other assorted pirates.
They better get every penny they can now and finish those landing strips in New Zealand. They are going to need them when Mrs. Debtfire's ponzi finally blows and the torches show up ... looks like it will start any day now. Your play, Yellen.
How is the USD not worthless? It's all rainbows, faerie dust, and unicorn love...until it's not.
That rise because of the scale of the chart is less than 1/10th of 1% for USD/JPY! Isn't there supposed to be more honest ways to "present" a chart or graph? Just sayin...
I could be wrong (I frequently am) but I think the chart scaling is done that way to show the correlation between the USDJPY and SP500 movements. A larger, more "honest" (to use your term) scale for the USDJPY wouldn't lend itself to showing that.
god i hate being right all the time /s
Price movements in honest markets can't be predicted with absolute certainty. In these markets, they can.