The S&P 500 has pared its intraday gain to 28 points, or about half of what it was a few hours ago. There's no correlation with USD/JPY today as B
The S&P 500 has pared its intraday gain to 28 points, or about half of what it was a few hours ago.
There’s no correlation with USD/JPY today as BOJ-inspired flows dominate instead. That pair is at the highs of US trading, up 147 pips to 104.91.
For US stocks, a fall into the opening ‘gap’ could inspire further selling in what’s been a volatile two day period following the Fed. In terms of a breakdown, the Nasdaq still leads the way with a 1.4% gain.
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