Large stimulus programs can change the global financial landscape. With the ECB saying it will reconsider its QE effort in December, risk appetite surged. Equities lurched higher and Yen crosses followed suit. For my USDJPY short, that would translate into a wedge break. It is unlikely to go very far however as both the broad risk implications and the focus ahead to Fed/BoJ decisions will likely stall it out.
ECB Stimulus Reaches to Global Stocks, Yen Crosses
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