The Traderszone Network

Published in TZ Latest News 30 December, 2014 by The TZ Newswire Staff

Market Levitation Interrupted As USDJPY Tumbles

Greece may be on the verge of a Grexit, crude may be taking out all key technical support levels, and US stocks will still close higher. But let the USDJPY slide and watch as the levitation ends with a bang. And tumble overnight is precisely what the USDJPY did, pushing not only the Nikkei lower by 1.6% but also leading to what is shaping up to be an unrecord, also known as red, open in the S&P – this surely calls for a “Markets in Turmoil” flashing siren on the 9th floor of the New York Fed.

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