the USD vs YEN cross rate is a BIG FX pair to monitor for equity strength and weakness. we had a nice ‘nominal’ 1100 point gap down to the open the DOW futures in Asia and a 20 percent drop in crude. rocking and rolling folks …
as the night progresses, just watch 102.06-103.20 on the USD vs JPY and, a little lower 100.62. We’ve already sliced thru 2 years of support – easily – but do look for these levels to offer a modicum of support over the coming hours/day (s?)
