The Yen is falling apart due to dollar strength (so much for finding a base). Strangely enough, this has not created a huge jump in equity futures, at least for now. But we still have a bullish bias as we await the jobs data at 8:30. Perhaps it is understood that the dollar rebound is due to the perception the Feds will not lower rates in the near future. Commodities are pulling back.
USD/JPY 120 is considered to be a spot where currency protection could get triggered.
USD/JPY 120 is considered to be a spot where currency protection could get triggered.
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on Thursday, April 26, 2007 at 4/26/2007 06:49:00 AM.
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