Mission Accomplished: Relentless USDJPY Buying Erases Overnight Market Drop

As we predicted an hour ago when the USDJPY was 50 pips lower, today’s aggression against stocks would not stand. So, lo and behold, one or more central banks decided to aggressively collect 6J (USDJPY) liquidity rebates from the CME and have bought the pair in a straight line since this morning. And sure enough, after it dropped notably just a few hours ago, the NASDAQ and S&P is now back in the green, where it belongs in a “market” as rigged as this one.

 

 

 

Yeah that just happened…

 

Fun-durr-mentals…

 

as AAPL buying panic ensues…

 

But bonds ain’t buying it…

 

Charts: Bloomberg




via Zero Hedge http://ift.tt/1x7dFYb Tyler Durden

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