The Traderszone Network

JPMorgan Chase & Co. (JPM.N) is cutting prices for a group of its credit card customers and getting Visa Inc to shoulder at least some of the burden of the lost revenue, underscoring how the largest U.S. bank’s size can help it hang onto business in fiercely competitive markets. At stake are the billions of dollars that banks receive annually from consumer use of a credit card to pay a retailer.

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U.S. railroads may not be obligated under federal law to carry freight including crude oil and hazardous materials from Jan. 1 if they fail to meet a year-end deadline for implementing new train safety technology, according to a top federal regulator. The letter, reviewed by Reuters, presents the most tangible sign yet of what could lie ahead for rail carriers and their customers, if Congress fails to extend its Dec. 31 deadline for railroads to implement positive train control, or PTC.

Nikkei below 17500
The Nikkei is at the lowest since mid Feb and has turned it’s gain this year into a loss of -0.14%, so far this session
Nikkei weekly chart 

The stock market stretched earlier losses after the lunch break, thus exerting a drag on the dollar against the yen and the euro
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Forex options expiring later today
EURUSD
– 1.1010
– 1.1110
– 1.1245, 1.1250, 1.1270
– 1.1390
– 1.1410, 1.1415
USDJPY
– 118.00, 118.45
– 119.90
– 120.00/05/10,
AUDUSD

August 2015 Japan economy watchers survey 8 September 2015
– Prior 51.6
– Outlook 48.2 vs 52.4 exp. Prior 51.9
Much softer than expected as the sentiment sours in Japan. There’s been plenty of talk that the BOJ might downgrade their view on the economy

EURUSD up through 1.1200
EURUSD has run up on risk aversion as more poor Chinese has the market feeling gloomy. As I type it’s slowly falling back from the 1.1223 high and 1.1200 will be the first line that support should show itself, though 1.1210 is finding a few buyers. Failing that 1.1170/80 is the stronger line of support, followed by 1.1128 and the 200 H4 ma at 1.1120 and 100 dma at 1.1118