The un-taper crowd came in on the poor retail figures and pushed the USD/JPY back above 102.00 on the 4 hour chart, so now we wait until someone blinks. What can you say. The whole world is hanging on to hope that there is more QE so they can keep the illusion alive a little longer. I believe Yellen will give in eventually bit not until there is a correction of around 20% in the S&P 500. I expect that to happen around May. Until then I watch this 102.00 level and wait for the other shoe to drop.
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