As "Expected" EURJPY 139.00 Lifts Stocks Into The Green

Mission Accomplished

From 2:45 pm

Must push EURJPY to at least 139 to preserve the wealth effect

— zerohedge (@zerohedge) December 4, 2013 [2]

Then from 3:33 pm

10 pips K-Hen. You can do it

— zerohedge (@zerohedge) December 4, 2013 [3]

And sure enough, the Lift is complete as Stocks get back to green...

[4]

So opening and closing 'beta' to EURJPY is skyrocketing... in the last few minutes S&P futures added 16 points for a 50 pip rise in EURJPY... more than double the overnight highly correlated 7 points per 50 pip beta...

[5]

In other words, the entire market is now a high beta derivative of a currency pair

ES is now just a high beta EURJPY http://t.co/CDR0RDpmpV [6]

— zerohedge (@zerohedge) December 4, 2013 [7]

Thanks K-Hen, and Ben-B!