Despite VIX Collapse, S&P 500 Rally Stalls But USDJPY Tumble Catches Ahead of NFPs

[BECKHAM]

There was no small measure of fundamental whiplash this past session. Despite the Fed’s favorite inflation indicator cooling on the back the market’s positive take on Powell’s remarks, the S&P 500’s breakout stalled. Nevertheless, the VIX dropped below 20 and the Dollar has finally broken its 200-day SMA. What will NFPs bring?

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