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Stallout in Equities while little volatility post ECB Inaction

Minor losses this am in Europe also in US Futures as European shares falling from 4 week highs, but little overall net change with ECB sticking to plan and NOT altering its stimulus program as it keeps Interest rates on Hold-  Euro not really budging, but down from highs made around 2 am, and most of the volatility today coming from Yen gains after Dollar moved up to important resistance and looks to be stalling vs Yen.     Today's Eco data largely in line with Jobless claims-  253 vs 265 and continuing 2128 vs 2137, while Philly Fed disappoints at -.29 vs 4.5   ---Treasury yields still headed higher, with move in German bund yields back to positive territory and 10yr yields to near 1.60.   Gains could hit 1.62-3 before any stalling out,  but feel that yields generally should peak out by end of week/early next and allow for at least some consolidation along with stocks-   Earnings post close yesterday out of AXP, QCOM, INTC, EBAY could set the tone for today, and have seen mostly positive Beats from DISH, ALK, PHM, SNA, DGX, and premkt gainers out of many of these- while URI, ECA, BIIB, GM, CHK, and GPRO while on the downside- LUV, DNKN, KMI, BDC-    Overall trend will remain positive until/unless 2151 is breached at a minmum with upside targets at 2180-5-   Let me know if you have any questions

 

Dollar/yen turning back lower after its steep rise to just over 107.5-  both hourly and Daily charts show a good likelihood of a technical stallout and pullbacks in USDJPY