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The EURJPY gives us a good take on the FX reaction to the #Russian invasion of the Ukraine – flight from Europe to safe haven – the yen. Gold also moved up sharply.
Market Updates
S&P Futures vs Fair Value: -91.0
10 yr Note: 1.859%
USD/JPY: 114.67 -0.35
EUR/USD: 1.1172 -0.0134
Europe: FTSE: -2.9% DAX: -4.5% CAC: -4.4%
Asia: Hang Seng: -3.2% Shanghai: -1.7% Nikkei: -1.8%
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The S&P 500 bounced almost 4% after opening down 2.6% after Russia invaded Ukraine but bounced hard to close up 1.5% in a buy the dip trade led by
[See the full post at: Market Wrap – Putin Declares War BUT Market Bounce Hard Feb 24, 2022]
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