The wheels are coming off the fairness market with the S&P 500 down almost 3% and the Nasdaq down 4.2%. The market was evidently on the lookout for a nod to charge cuts from Powell and it did not come.
Now we’re getting some severe kicking and screaming. USD/JPY has damaged the 2025 low and is buying and selling on the worst ranges since October as stops are hit in a fast, 70 pip transfer.
USDJPY every day
This chart may be very a lot trying prefer it desires to check 140.00 once more and if we do not get some excellent news on the earnings entrance, the Nasdaq is more likely to take a look at its lows as properly.
