Lots of excitement in the currency markets this morning — particularly the yen.  The USDJPY plunged rather decisively to our nearest downside target… …after stories appeared in the financial press that the BoJ was embarking on a buying spree, offering to buy “an unlimited amount of bonds.”  Why would they do such a thing?  Yields on the 10-year had soared to as high as – gulp – 0.09%.

So far, futures have remained mostly flat — thanks to VIX’s continuing slump and oil and gas’ ramp.  But, can it last?

continued for members…

Having already broken out, VIX is in danger of testing the SMA200 at 14.3 and potentially the SMA100 at 15.79.
ES is clinging to support, but is very vulnerable here. Note that DXY has broken down twice in the past month.But, TNX is hanging in there.