NQ is bumping against strong resistance zone around 2760-2765. Unless it can mount a sustained break above 2765 it is going into a pullback mode down on Monday, either in a sideways consolidation or a trending down move, with supports at 2745, 2735, 2725.
Falling yen set to spark renewed currency wars. History shows currency disputes can escalate from rhetorical spats into disastrously counter-productive economic conflict.
“Currency wars” have hit the headlines anew in recent weeks, given Japan’s attempts to force down the yen. Freshly installed prime minister, Shinzo Abe, determined to stimulate a moribund economy, has ordered Japan’s ultra-conservative central bank to be more expansionary.
