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Futures Soar Into The Green On Furious USDJPY Ramp

Tyler Durden's picture




 

Last night, after  the news that the latest Japanese recession - its fifth in the past 6 years...

... was now in the history books, we had a simple question:

And a follow up: how were futures also not soaring on this neo-Keynesian charade? For that, too, we had an explanation - the math PhD's in charge of the market were unavailable on Sunday night to "calibrate" the algos.

Well, it appears they finally got called into office, and just as Europe opened for trading, the USDJPY experienced an unprecedented 60 pip move on the usual complete lack of any news, just more BOJ intervention and HFT momentum ignition, which in turn was quickly "goalseeked" by the media as the result of more hopes for imminent Japanese easing.

And after being MIA for a few hours early in the session, the HFT programmers finally woke up, and the E-Mini, after its initial brief dip below 2000, is now about 25 points higher on the usual catalyst: newsless, low volume levitation, central bank buying and HFTs momentum.

We expect the BOJ's infamous favorite level of USDJPY 123 to be tagged shortly, at which point further gains may be problematic as not even algos can justify dramatic multiple expansion when the world economy is sliding into, if not already in, recession.

 

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Mon, 11/16/2015 - 05:31 | 6798774 enloe creek
enloe creek's picture

Fuckin farcical

Mon, 11/16/2015 - 06:23 | 6798808 negative rates
negative rates's picture

Naturally problematic hopes end in failure also.

Mon, 11/16/2015 - 07:59 | 6798919 nmewn
nmewn's picture

Not to change the subject from this shiny object being held up for the world to look at BUT...todays the day a certain organization who's namesake is a candidate for president of the US has to resubmit ten years worth of documents because of "tax irregularities"...lets keep our eye on the ball.

Now back to your regularly scheduled programming ;-)

Mon, 11/16/2015 - 08:29 | 6798998 rejected
rejected's picture

Not to worry,,, Those famous folks that worked on a certain birth certificate have been working furiously on those documents.

Mon, 11/16/2015 - 05:35 | 6798780 _ConanTheLibert...
_ConanTheLibertarian_'s picture

Of course. France is bombing the hell out of Isis which means more new bombs AND reconstruction are needed which is awesome for the world economy. There ya go.

Mon, 11/16/2015 - 06:14 | 6798802 Dead Canary
Dead Canary's picture

We should all go out and brake a window, I did. (No need to thank me)

Mon, 11/16/2015 - 06:15 | 6798803 _ConanTheLibert...
_ConanTheLibertarian_'s picture

Krugman will be delighted.

Mon, 11/16/2015 - 06:24 | 6798811 negative rates
negative rates's picture

Things break better in a beamer, BMW, Break My Windows ___

Mon, 11/16/2015 - 05:48 | 6798791 Max Damage
Max Damage's picture

And they still can't understand while mom and pop don't want to put money into this rigged farce

Mon, 11/16/2015 - 05:58 | 6798794 JDFX
JDFX's picture

" ...the USDJPY experienced an unprecedented 60 pip move on the usual complete lack of any news..." 

 

That's because news doesn't drive markets, money does !  Money is the news. Focus on the money and the news will follow, or it won't.  But that's irrielvant , because ?  " money drives the markets " . 

Mon, 11/16/2015 - 06:11 | 6798801 bunnyswanson
bunnyswanson's picture

Try to keep up!

"Japan is currently in close cooperation with france on the issues of anti-terrorism fight and security, he said."

Read more: http://sputniknews.com/asia/20151115/1030159129/japan-terrorism-paris-deadly-attacks.html#ixzz3reEF2pWL "University of Southern California Director of Homegrown Violent Extremism Studies Erroll Southers told Sputnik that France and its allies may have to respond to the terrorist attacks in Paris as if they were an "act of war", which will also require collective defensive measures."
Read more: http://sputniknews.com/analysis/20151116/1030165947/france-isil-response-paris.html#ixzz3reEUI7Hm
Mon, 11/16/2015 - 05:58 | 6798796 SoDamnMad
SoDamnMad's picture

Oh my, now what was it that happened in Europe?  I've forgotten what with this unusual change in USDJPY.

(thank you CBs, everything is Ok over there , right?)

Mon, 11/16/2015 - 06:20 | 6798807 scintillator9
scintillator9's picture

Something about microaggressions in safe zones I think?

It happened on a Friday, so by Monday, it clearly no longer matters because of mush minds and goldfish like memories.......

I regret that is not really sarcasm...........

 

Mon, 11/16/2015 - 06:20 | 6798806 new game
new game's picture

simple stuff, just numbers representing value of paper that is transitory.

what is real is what a dolla buys in the marketplace.

question i have, is it real? (drill in hand), ha...

real as in food, china shit ect.

Mon, 11/16/2015 - 06:26 | 6798813 negative rates
negative rates's picture

Consumer costs for small business labor are through the roof, that's all you need to know.

Mon, 11/16/2015 - 07:46 | 6798899 herkomilchen
herkomilchen's picture

Yet small businesses can't make a buck.  Testament to an environment where costs are huge but profits slim.  Where's all the money going?  Inflation, taxes, regulatory compliance, monopoly rents in banking, utilities, health care, etc.

Mon, 11/16/2015 - 06:33 | 6798819 I am Jobe
I am Jobe's picture

Sushie is still Americans fav food . 

Mon, 11/16/2015 - 07:06 | 6798837 Y4-B_v8
Y4-B_v8's picture

Ok, the HFT's have done their job, they can go back to bed.  The PPT can handle it from here.  The MM's will spend the day explaining how WWIII started without affecting the markets at all.

Mon, 11/16/2015 - 07:13 | 6798849 Baby Eating Dingo22
Baby Eating Dingo22's picture

BTFNuking

Mon, 11/16/2015 - 07:39 | 6798889 El Hosel
El Hosel's picture

Well, at least we have plenty of wars to go around during these troubled times.... The Machine is focused and true to its purpose.

Mon, 11/16/2015 - 08:07 | 6798942 buzzsaw99
buzzsaw99's picture

shocking

Mon, 11/16/2015 - 08:10 | 6798947 yogibear
yogibear's picture

The only time these central banks lose control is when there is a currency crisis.

Until then, no free markets.

Mon, 11/16/2015 - 08:22 | 6798973 Wow72
Wow72's picture

Not even a fake Terriost Attack can stop this party? There seems to be some very sick people in control.

Mon, 11/16/2015 - 08:30 | 6799002 rejected
rejected's picture

LOL...

Mon, 11/16/2015 - 09:19 | 6799131 tommylicious
tommylicious's picture

FUCK YOU FUCKING FUCKERS!!!!!!!!!!!!!!!

Mon, 11/16/2015 - 09:44 | 6799180 SSRI Junkie
SSRI Junkie's picture

who could have seen this ramp coming, it's miraculous

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