Charts I’m Watching: Sep 4, 2014

The USDJPY continues to tread water around the daily .886 retrace of the drop from Jan 2.

140904_080506_CQG_Integrated_Client_Chart_USDJPY_-_Japan_(Yen)_Daily

The futures went nowhere on BOJ’s non-action on rates or QE, but raced ahead 10 points on hopes that the ECB would pump up the volume.  As usual, Draghi’s speech was long on promises but lacking on real import.

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