Dollar/Yen Intraday Chart
The BOJ, ahead of the G20 meetings, is pumping the easy money talk again. Since the BOJ has the printing presses running at full steam, the yen weakens, and the dollar/yen pair leaps higher from under 98 yesterday afternoon to over 99 now. Current print is 99.33. Thus, U.S. equity futures are galloping higher; the S&P's are up ten. The central bankers rule the markets. Traders only care about whether or not the Fed and BOJ are pumping, fundamentals no longer matter. BOJ promising QE forever sends yen lower, dollar/yen higher, equities higher. BOJ backing off from QE causes yen to strengthen, dollar/yen lower, equities lower. In general, market bears want to see the dollar/yen under 98, equity market bulls want to see the dollar/yen above 98. The dollar/yen was only one single hair away from 100 a few days ago before pulling back. The pair came down to 96 on Monday. If the dollar/yen heads back up to 100 then the broad indexes will likely drift higher. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.
yes, and SPX 500 is missing a right shoulder in order to complete a beautiful pattern there :) ...
ReplyDeleteat the previous post, i kindly asked you something. Can you please help us or give me an answer on the subject?
Thank you in advance,
V.
Link for max pain chart,
ReplyDeletehttp://www.optionpain.com/OptionPain/Option-Pain.php
Thank you KS,
DeleteI appreciate a lot your help.
V.
KS, this is a very interesting tool, indeed :D ... I've saved it in my Favorites :)
DeleteThanks,
V.