Technical models that had a chance of changing direction have not.
Models are up.
It’s long the world in assets denominated in Yen.
We’ve been featuring these looks for days.
The more I look at USD/JPY the more I am convinced we’ll see a retest of the 1998 Clinton intervention @ 130, where Clinton Treasury rallied the Yen against the Yuan to make the Chinese happy.
Today nobody cares what the Chinese wish.
Nasd*30 yr. Yield broke out and is on the verge of starting another leg up.
Spoo*30 yr. Yield has not taken out the 2018 high.
A breakout here will see every manager in the world go into FOMO mode as Indices go parabolic.
30 Yr. Yield; 2.10 is resistance and the closing upside pivot.
Hamster vision is up and running.