ES diverging hard from Yen

I think you're seeing some yen defense at certain levels where Japanese "pension funds" (another word for the BoJ) are coming in both in yen crosses (primarily USD/JPY) and the Nikkei itself.

It's pretty reliable lately, however. The Yen is moving lockstep with ES.
 
Quote from makloda:

Buy some trading software, backtest the idea and share the results.
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dude, no way...

looks like 2 week chart of ES with after hours versus 2 week of usd/yen looks good for spotting divergences
 
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