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U.S. airstrike on Syrian base causing money to flow toward safe haven assets

U.S. launched more than 50 tomahawk missiles at Syrian Military base about 2 1//2 hours ago. Markets reacting by seeking safe haven assets.....Gold is spiking higher, equities dropping (S&P futures pointing toward a decent drop in U.S. markets at opening bell). Nikkei index fell near the 18,500 level, but currently bouncing to just above 18,600.....it will be interesting to see the flow of trades as Japan equities trading approaches the closing bell . JPY pairs are falling due to "risk aversion"…
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FED minutes caused Equities to drop and risk-off market move

The last 2 hours of trading in U.S. equities markets caused massive "RISK-OFF" moves as the FED minutes revealed that the FOMC could start unwinding its huge Balance Sheet sometime toward the end of the year......possibly selling both Treasuries and MBS (mortgage backed securities). This is the first time that reducing its balance sheet has been mentioned in its "minutes". Some FED officials also mentioned that equities are "QUITE HIGH". This is also highly unusual, as most FOMC members defer fr…
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UPDATE:  Nikkei index now at 18,581 following the break of Tuesday's low of 18,701.....very bearish sign as equities markets are now in heavy "risk-averse" mode. I posted a Nikkei chart on Tuesday and commented that the index could really fall off a cliff if it dropped below January 24th closing price of 18,787. The key for JPY pairs will be USD/JPY support at 110.00-10 area. Should be a decent amount of SL orders just below that level. If USD/JPY accelerates on a break, then JPY pairs could really make big downward moves. Hang Seng  is down also along with other Asian markets.

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Nikkei index

Watching Nikkei index closely as it approaches January 24 support at 18,787. Low so far today is 18,766, which was touched a few minutes ago. A clear and sustained break of that Nikkei support level should cause additional downward pressure on JPY pairs as risk/carry trades unwind further.
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Nikkei accelerated to a day low of 18,701 following the break of 18,787 support.. JPY pairs  have been moving lower, in sync with the index.  SHORT GBP/JPY and USD/JPY trades initiated at 137.75 and 110.4, respectively.  The last 30 minutes of Japan equities trading should be interesting......the question is.....will that critical break cause heavy profit taking in equities going into the closing bell? If so, then outlook on JPY pairs should continue  to  be bearish.

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