How Will TPTB Prop up Stocks Today?

For about six weeks now, it’s been a combination of continually rising crude light and strategically timed USDJPY ramps.  Last night, USDJPY took the reins as CL let a little air out (following a clumsy and obvious prop job, see: Why the Market Didn’t Correct Today.)

2016-03-23 USDJPY 5 0612With USDJPY breaking out of the rising red channel it’s been in since last week, is it time for another USDJPY failed rally to nowhere?

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