USD/JPY Dollar/Yen Intraday Chart Failure at 95

The BOJ rules the U.S. equity markets. The weaker yen that caused the dollar/yen currency pair to explode up through 100 and higher has retreated now dropping through 95 overnight (reflecting a stronger yen). The weaker yen was the major cause of the U.S. equity indexes printing new all-time highs this year. Note the drop through 95, then back kiss to decide if price wants to collapse, which it did. The dollar/yen stumbles along 93.7-94.40, breaking through 94 briefly!, all morning long reflecting the S&P futures down from -3 to -9.  Alas, the stick save occurs a short time ago with the dollar/yen recovering strongly (weaker yen), hence, U.S. equities move higher, the S&P's have recovered and are now positive ahead of the opening bell a few minutes away.

The tumble in dollar/yen overnight causes the Nikkei to lose -6.4%, another mini crash, down to 12.4K, and placing the Nikkei in a bear market (down over -20% off the market top). The broader Topix fell -4.8%.  Asia in general sold off. The Shanghai dumps -2.8%. Perhaps Abenomics is on a hospital gurney now being wheeled into the emergency room for resuscitation. 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.