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Monday, June 8, 2026

History Rhymes: Who Pulled the $USD/$YEN Again?

First read Sundays wrap-up: Friday's Bloodbath Reads Like a Crime Scene [link] More Clues Still Being Uncovered:

The most obvious one I forgot to mention on Sunday:  while retail was getting their pockets picked on Friday, the powers that be were preparing a big surprise for the short sellers. 

CNBC Jim Cramer/ Jensen Huang fav Marvel $MRVL is being added to the $SPX. Reported immediately after Friday's close (many sources). You can't make this shit up.    

 BREAKING: 

2 Millionaire-Maker AI Stocks to Hold for the Next Decade (spoiler Marvel is one of them 😂) (motley fool.com)

The Currency Market Upset You May Have Missed - We've Seen This Movie Before 

  • $USD/$JPY driven into a breakout
  • YEN Carry Trade ghosts spook markets
  • USD/JPY breaking 160  is the tripwire, because that's the level that triggered BOJ intervention in 2024. Algos know that. 

Was this a perfectly timed currency reset; with the next FOMC announcement right around the corner? Sounds conspiratorial. You decide! 

Even GROK/AI sees the pattern — if you know how to ask.

When prompted correctly, Grok confirmed what seasoned FX veterans already know: a sudden USD/JPY spike is one of the cleanest ways to simultaneously spook equities and hammer Treasuries. No news required. Algos do the rest — amplifying the move, triggering stops, draining liquidity. 
The yen carry trade gets margin-called on volatility alone. Same movie, different Friday 
Retail never sees the setup. They just feel the fear. 

Oil Sells off with Bond Markets 

This is highly unusual, because higher oil equates to more inflation, and higher interest rates. My take is that the hedge funds wanted to shake retail out of the energy space, before running it up into the next rotation. 

This morning we're seeing Marvell $MRVL up over 7% in pre-market, and $SOXL up 10%. $NDX Nasdaq 100 up 1.4% Not a bad morning, if I do say so, myself! 

$SOXL Yahoo Financial Pre-market Screenshot

   




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