Dollar/Yen Tags 116

Banzai!! The dollar/yen tags 116 today. The weaker yen creates higher stock prices in Japan and the US stock market. The bludgeoning of the yen in 2013 created the bulk of the +30% stock market rally in the States last year. US dollar index is at 87.8 remaining elevated and drives the dollar/yen pair higher at the same time BOJ Governor Kuroda is printing yen like a madman trying to win the global debasement race to the bottom. The BOJ is in the market purchasing billions in ETF's. It is absolutely shameful. The BOJ began weakening the yen yesterday as the US stock market was coming on line. The rise in the dollar/yen (weaker yen) creates the lift in stocks yesterday.

Overnight, Japan PM Abe says the sales tax hike may be delayed. Banzai!! The great news keeps coming for those raping the stock market upside. Delaying the tax hike is a stimulus bump and the NIKK catapults over +2% higher. European indexes and US futures remain on the positive side all night long into today's opening bell everything floating higher on weaker yen. The obscene daily activities of the Fed, BOJ and other central bankers would make Caligula blush. 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.

The chart above is courtesy of www.advfn.com annotated by Keystone.