Yen Rallies
Skeptical that the U.S. and Japanese treasury departments will act together to halt the yen’s rise, the December contract [JYZ9>JYZ9] rallied more than .0120 off its opening low to end up .0048 at .9520 today.
Meanwhile, the dollar index [DXZ9>DXZ9] and the British pound [BPZ9>BPZ9] continued to narrow into triangle patterns, gaining .22 and falling .0024, respectively. The Swiss franc [SFZ9>SFZ9], from the Implosion-5 List, fell .0026 and is setting up in a bearish flag.
December T-bonds [USZ9>USZ9] fell 11/32 to 113 23/32.
Stock index futures ended mixed in narrow trading. December Dow futures [DJZ9>DJZ9] and S&P futures [SPZ9>SPZ9] finished slightly lower and
NASDAQ 100 futures [NDZ9>NDZ9] finished just shy of Friday’s high, down 1.00 at 2572.00.
Energy contracts fell across the board: November crude [CLX9>CLX9] lost .33 to 23.85, unleaded gas [HUX9>HUX9] dropped .0039 to .6630, heating oil [HOX9>HOX9] fell .0102 to .6070 and natural gas [NGX9>NGX9] ended .069 lower at 2.745.
In the metals, December gold [GCZ9>GCZ9] and silver [SIZ9>SIZ9] had an extremely quiet day (both fell .1): They should be monitored for a volatility move. Copper [HGZ9>HGZ9] fell back from contract highs, losing 1.40 to close at 82.95.
In the grains, December wheat [WZ9>WZ9], from the Implosion-5 List, was the biggest mover, falling 3 1/4 to 272 1/4.
October live cattle [LCV9>LCV9] and feeder cattle [FCV9>FCV9] hit 20-day lows, falling .825 and .650, respectively. October lean hogs [LHV9>LHV9] rallied .975 to 44.650.