The Trump recession narrative has taken hold after Tuesday US trade;
As Adam said in that post, FX wasn’t where the pressure was felt, but equities took a hit (with a late-day bounce that has since dissipated).
US equity indexes are lower again:
NQ off about 1%
ES off about 0.7%
The yen is hitting 5 month highs against the USD around 146.60. its not just about Bank of Japan policy adjustment, but about flows into ‘safe haven’ like the yen.
Take care out there.
This is a CFD over the NQ.