It’s Still All About the USDJPY

Are you asking yourself “what has the FOMC done for me, lately?”  We still have 4 discounted memberships left.  Enter the coupon code “FOMC” where indicated and get a one year membership at over 2/3 off.  For details and to sign up CLICK HERE.

*  *  *  *  *

After all the drama surrounding the Fed’s 1/4% hike yesterday, the charts still point out one truism.  It’s still all about the yen carry trade and, specifically, the USDJPY.  As long as it’s rising, SPX will have the wind at its back — no matter how little breadth, how sketchy the fundamentals, how many miniscule rate hikes.

2015-12-17 USDJPY v SPX big 0614So, any analysis of the “market’s” next moves starts with a look at what USDJPY is going to do.

continued for members...


lock

Sorry, this content is for members only.

Click here to get access.

 

Already a member? Login below

Email
Password
 
Remember me (for 2 weeks)

Forgot Password