Yen Continues to Strengthen

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I seriously never thought I’d care about the minutes from the Bank of Japan, but last night I was actually awaiting their release. Once they came out, the Yen started strengthening (again……..) and the ES and NQ weakened. This morning, U.S. stocks staged another completely-annoying rally, but both ES and NQ are back in the red again, as God intended. It’s amazing how correlated USD/JPY and the ES have become over the past few weeks.

0614-fxy