Must to the chagrin of our algorithmic friends, no matter how hard they try this morning, the JPY-carry-based momentum ignition is not sparking sustainable gains in US equity futures. EURUSD has about faced from its post-ECB gains and is unch; S&P 500 futures have followed EURUSD's path and are also unchanged now from the ECB decision; but JPY, in a world of its own has smashed 130 pips lower (up to 98.40)...
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