Holiday weekend + Tuesday + 1900 barrier broken = strong ramp. NKD hit an imporrtant Fib level and the SMA100, but is probably aiming for the SMA200 and purple .618 combo at 14787/14796. At some point, folks will start to realize the yen carry trade is nearing an end.
While, USDJPY features a nice Fib target of the combination red .618/blue .886 at 102.18 — just below the SMA50 at 102.22.
What does it mean for stocks? continued for members…
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