Midday Missive

DXJ has just completed a 50% retrace from the past 2 years in 30 minutes.
Closing under 41.55 would lead to another couple of dollars.

USD/JPY triggered monthly stops below 97 USD/JPY

It’s surprised me!!
This has been attributed to a large Dollar Sell program.

Everything has come too far in thin markets after London’s close.

The only trade I want to do is to buy the TBT at 64.40-20 with a 50 cent closing stop.
The straight 30 yr. Futures sell # is 144.17 (M) 143.17 (U)

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