Just a follow up to the yen piece last night, USD/JPY is in a 40 year bull market! The levels in the crosses given last night were retested and rejected. Markets can go directionally farther than you have money to wait out a turn. I highly doubt this beast can turn until after the qtr. In the meantime I have attached this chart to give you a visual on what the Yen is capable ofbefore a turn comes.

SPU/BONDS… The SPM needs to hold above 1258 early today on any breaks for me to start selling rallies in the Bonds.. The price action last night in the Spu and Bonds are telling me this is the side you want to try and trade from early today. 1268.50-1270 is decent resistance with the bigger re- trace coming around 1283 again.