S&P 500 First Gap Down in 5 Days, USDJPY Longest Run in 5 Decades

The fundamentally-light lift from the S&P 500 and other risk-leaning assets has lost traction this past session with the index’s first gap lower on the open in five sessions. Attention is shifting to a serious docket next week. Meanwhile, the USDJPY has notched its longest bull run since 1973 in a serious blow to BOJ credibility.

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