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Dow Up Almost 700 Points From Friday's Lows

Nothing to see here, move along. Amid dismally low volume, it appears the JPY-driven rampathon continues... But it may just have run out of greater fool stops (at last week's highs) to run - unless USDJPY 122 comes soon...

 

 

CNBC said this morning that "the sharp bounce in global stocks suggests the worst is over" - perhap they should look at last week's moves?

But it appears the JPY momo is losing its mojo...

 

Charts: Bloomberg