There Has Been a Disturbance in the Force or Yen-Dollar Actually

by John Galt
July 26, 2016 04:55 ET

While equities continue to perform the high wire act like a cocaine laden airplane flying around with the pilot using his cargo, Forex markets continue to occasionally flash warning signs that may indeed intensify with all of the major central bank activity happening this week.

This morning there was a disturbance in the force:

072616_DISTURBANCE_YEN_jgfla

This either indicates an expected lack of action by the Fed possibly, which is logical, worse an inept course of action by the Bank of Japan or something much larger on the horizon.

More on that later today as I chase down some rumors.

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