Thursday -- No Moonshots And Getting Testy In Japan

S&P E-mini Futures:
Down slightly, up from worst levels.

News:
Remarkable that a company known for its *moonshots* won't even bid on Twitter.

The bickering gets worse in Japan. Prime Minister Shinzo Abe said the country can’t exit deflation "without bold monetary policy," then tried to pin it elsewhere by saying his finance minister is in charge of currency stability and that depletion of bonds will pose a problem for BOJ buying.

Then the finance minister emphasized that the G-7 and G-20 had agreed to "avoid competitive currency devaluations," and that Abe "still needs to raise the Sales Tax."

Yikes.

FX:
USD strength along with weakness in JPY and CHF.

Treasuries:
More price declines yesterday amid more volume.

Energy:
WTI crude fresh rally highs above 50. NG kicked into gear last few days too.

Metals:
Still under pressure.

S&P Outlook:
Using 2144.01 as a stop for longs. Gap at 2150.49. Below that could act as an early warning. Still seeing potential for test of higher levels.