USDJPY has broken below its 200-day moving-average at 101.25 and is trading back to almost 6-month lows this morning ahead of this evening’s BoJ meeting (which is largely expected now not to provide the additional QQE that everyone hoped for earlier in the exuberant year). The Nikkei is tumbling right along side it… as are US equities… and US Treasury bond yields… But, it’s Tuesday!!!!!
JPY breaks the 200DMA….
and USDJPY leads stocks lower…
Stocks catch down to bonds…
Which has dragged stocks to the week’s lows…
— Not Jim Cramer (@Not_Jim_Cramer) May 20, 2014
via Zero Hedge http://ift.tt/1obsimC Tyler Durden