Futures Jump On Trump Infrastructure Headline, Yen Falls As Kim 'Backs Down'

The Heisenberg Report
By Walt of The Heisenberg Report

Well if you needed another reason to get bullish risk going into the overnight session, you’ve got two.

Ok, well if you needed another reason to get bullish risk going into the overnight session, you’ve got two.

The first is Kim Jong Un backing off “plans” (which of course were never really serious plans) to bomb Guam, but more importantly for markets, is this:

Obviously, that infrastructure bit is key. Here’s what Bloomberg has:

  • Trump to Sign Order on Infrastructure Projects Tuesday
  • President Trump to sign order “establishing discipline and accountability in the environmental review and permitting process for infrastructure projects” at 3pm, according to White House schedule.
  • Trump to also give statement on infrastructure at 3:45pm at Trump Tower in NYC

Here’s futs:

ES

And USD/JPY was already on the move after the Kim “backs down” headline as Bloomberg sees “leveraged accounts buying spot USD/JPY through the 109.80 overnight high after the Wall Street Journal report on North Korea.”

USDJPY

If you bought the dip today, this bodes well.

Disclosure:

None.

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