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The Fun-Durr-Mental Reason Why Stocks Are Bouncing (Again)

... or why the number 119.00 is the most important in the world right now...



Quite clearly the moment USDJPY hit 119.00 it was majestically ramped - leading stocks higher just as everyone was talking about pre-margin call selling...

And this was the perfect environment for central bank manipulation....

eMini Liquidity hugging close to the lows of Monday..

— Eric Scott Hunsader (@nanexllc)


h/t @Not_Jim_Cramer