This Is The 12-Days-Old News That Just Spiked USDJPY And Stocks
From zerohedge.com
Day after day after day this 'market' is manipulated and managed by headlines that memory-less machines read and act upon. Today - yet again - at 210am Japan time, Nikkei news decides it is time to print these headlines: *JAPAN GPIF TO CUT JAPAN DEBT ALLOCATION TO 35%, RAISE DOMESTIC STOCK ALLOCATION TO 25%: NIKKEI And sure enough JPY explodes instantly in an attempt to spark momentum. This is not news (it's a constant headline every day since October 18th) as Abe sacrifices his economy and his people's economic future for an uptick in stocks. The algos react and lift USDJPY and of course that means US equities ...
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