Yesterday’s potential currency emergency fizzled after South Korea President Yoon Suk Yeol’s declaration of martial law was struck down by legislators who are expected to impeach the president today. The USDJPY, which had initially dropped through support, rebounded nicely, pushing the Nikkei up through 200-day resistance…

…and enabling VIX’s continued meltdown.

continued for members…

These developments have given ES a boost, enabling it to continue rallying past its 6064.50 1.618 Fib extension.

OPEC+ is expected to kick the production cut can down the road again tomorrow, though traders have boosted prices enough to gap the 10Y back above its SMA200. Powell is expected to speak at the DealBook conference in NY at  1:40 ET.