USD/JPY: Yearning For Yen

Our overseas friend Kuroda isn’t having a very good year. Quite against his wishes, the yen has been strengthening pretty much the entirety of 2016.

We can see the upside version of that with the USD/JPY below. I will whine once again: it’s too bad U.S. stocks aren’t tied to the waist to this like they used to be, otherwise the ES would be down 25 right now instead of freakin’ 3 points.

USD/JPY Chart

All the same, if you think buying into our stocks (represented by theNASDAQ futures, below) is a spiffy idea, please, don’t let me stand in your way. I’ll give you no trouble. Looks like a risk-free bar-goon.

NASDAQ Futures Chart