The big tick Usd/Jpy..

My long time readers should know that I’ve been eyeballing 120.50 ish in the yen

futures for a while (App 83 ish Usd/Jpy) . Last night we had another assault on Dr. Nenner’s 105.60

level in Eur/Yen. These are two extremely important levels.

A breach of these levels this week should signal more U.S. equity weakness.

A close today above 84.27 would put in an outside daily reversal pattern in Usd/Jpy. ( app 118.66 futures)

This is a bullish pattern for the dollar and negative Yen futures.

30 year Bonds…Dr. Nenner has a short term high tomorrow.

We’ve rallied 3 full points to retest the breakdown # in the Sept 30 Yr. of 135.

Short term traders will be better served selling the rallies in the 30 Yr and buying the breaks in the spu

over the next 2 days.

Metals act great…leave your stops alone and don’t look.

Exit @ the 1300 level in the gold or the 21 dollar level in silver.

Aussie….Raise your stops to 90.85 basis cash. Price action over 92 should

lead to more upside.

Grains…same stops

Tonight is the first night of Rosh Hashana…Shana Tova

the next update will be Monday 9/13/10.