USDJPY’s Game of Chicken

It seems hard to believe that S&P futures are up at all, given that CL has dropped like a rock.  But, USDJPY continues to hint at a breakout, which is enough to make the algos quiver with anticipation.2016-07-20 USDJPY 60 0609Is the BoJ ready to go all the way, or is this another head fake as in late May?

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