Last week I published a post on the interconnected nature of markets, and how USD/JPY may act as a beacon of any shift in global risk appetites and market sentiment. This is important as a highly regarded reversal pattern unfolded into week end - and completed on Friday night after stronger than expected US data.
This points to higher share prices, stable to higher oil and industrial metals prices, and selling of gold and bonds. Commodity currencies may benefit, and safe havens currencies could suffer.
There are no guarantees in markets. But those still wearing a bear suit may want to check the post: