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S&P 500 Technical Damage Amid Deteriorating Sentiment, USD/JPY Slides

US Dollar, USD/JPY, S&P 500 Analysis and News: USD/JPY Slides Post Rebalancing. Sentiment in Equity Space Deteriorates. Equity markets are kicking off Q4 much how they closed off Q3, on the backfoot and continuing to follow its typical pattern (Figure 1). In turn, risk currencies are out of favour relative to safe-haven currencies and in particular the Japanese Yen. As I mentioned yesterday, I was tactically bearish USD/JPY, not only due to stretched topside momentum,


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