Who could have seen that coming?
Need at least 10 more USDJPY pips to assure new ATHs
— zerohedge (@zerohedge) December 29, 2014 [3]
After showing weakness all night (on still-fading oil prices despite Libyan issues and GREXIT concerns), the moment the US equity cash market opened for business, USDJPY was smacked higher and thus stocks went vertical with the S&P 500 pushing back near record highs. The Russell 2000 was the leader as "most shorted" stocks were monkey-hammered yet again...
The S&P 500 cash is just shy of its record for now...
[4]
All USDJPY driven...
[5]
As Shorts get squeezed even more...
[6]
Charts: bloomberg
