The Yen is now getting interesting. 84.80 USD/JPY ( app 117.90 futures)

is the general level to watch. This is the yearly Dollar low area and high in the futures.

This matches the last years Dollar low area. Watch for a possible double top in the futures.

In a perfect world I’d like to see the Yen take out this level and trade close to 120.50 in the futures

to have a low risk sale. A key ingredient to this set up is EUR/JPY trading into the 105 handle for a higher probability trend reversal.

Equities/Bonds..As mentioned Friday I thought it was time to let the revelers at this party have time to

unwind a bit before participating again.