The dollar/yen drops to 120.10 so the stronger yen sends
Japanese stocks lower. The NIKK is down -0.7% ending the seven consecutive day
uptrend. Traders are becoming concerned over Japan’s weak economy despite the
BOJ providing over two years of obscene QE stimulus. The BOJ will likely lower
its 2% inflation forecast next month since Japan is unable to produce even the
paltry 2% inflation target. The dollar/yen pair collapses under 120 to 119.80
(stronger yen). HMC recalls more vehicles due to defective Takata airbags; this
story continues to pound the auto manufacturers day after day. SNE drops -4%
due to ongoing cyber security issues and the PlayStation site out of service
yesterday.
The Aussie dollar continues lower to 0.8289
[Text is Redacted: Purchase December 2014-12 to Read the Complete Chronology]
KKD drops -5% after reporting weak earnings; the doughnuts are going stale. BRCM raises guidance but trades down -0.9%.
[Text is Redacted: Purchase December 2014-12 to Read the Complete Chronology]
KKD drops -5% after reporting weak earnings; the doughnuts are going stale. BRCM raises guidance but trades down -0.9%.
Los Angeles district attorneys file a lawsuit against Uber
for unfair business practices. Ride-sharing competitor Lyft settles a lawsuit
with Los Angeles for $500K. Congress reaches an agreement to resolve the budget
deadline but there is further horse-trading required over the coming days to
finalize the deal. Congress will work into Saturday to finish the deal and
avert a government shutdown. US futures are flat to marginally positive.
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