When SPX drops 1% in spite of a 3.5% spike in crude oil, TPTB get nervous. After all, the CL algo has been the best thing to come along since the USDJPY started sputtering last year [see: How to Engineer a Rally.]That’s why, this morning, we’re seeing not only another 1.6% CL ramp, but a 1% USDJPY ramp as well. Two ramps for the price of one!
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