Charts I’m Watching: Mar 11, 2014

Futures are up a few points…

…while, USDJPY is going sideways.

The latest out of Japan is the BOJ deciding to hold easing at current levels (60-70 trillion yen or $590-690 billion.)  This surprised many, given that exports have fallen off a cliff on the eve of a 60% consumption tax increase (from 5 to 8% on Apr 1.)

For more on the importance of this development, please see: Sayonara Abenomics.

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