DLRx 104.14
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skinny price moves
just BoJ is feeling “high sense of urgency” (for the supposed benefit of players’ animal spirits)
fwiw japan is open of Fr and on Mon
US500 1-HOUR CHART (for those using SPX500 the rates may differ but chart patterns should be similar)
There seems to be a lot of interest in stocks today so looking through my charts the one-hour chart stood out with a trendline/resistance coinciding at this hour. This is the closest key area on the upside.
With quarter-end approaching, rebalance and end-of-quarter flows will dominate (note US stocks are closed on Friday)
This is a very timely article posted yesterday in our blog
With USDJPY setting a new 32-year high, traders are keeping one eye out for any hints of intervention, This has seen Japanese officials step up verbal intervention in an effort to contain or at least deter the USDJPY from making a run at another new high.