Futures Fade Early Bounce, Slide In Illiquid Tape As Yen Rises, Oil Drops
![Futures Fade Early Bounce, Slide In Illiquid Tape As Yen Rises, Oil Drops Futures Fade Early Bounce, Slide In Illiquid Tape As Yen Rises, Oil Drops](https://5ux.com/sites/5ux.com/files/styles/medium_250/public/resize/remote/aaa576471240668a05c1a9a9b44e2b1b-600x408.jpg?itok=0DLDIlo7)
Following the latest month abysmal trade and PMI data out of Japan overnight (April exports crashed -10.1 %, worse than the exp. -9.8 and worse than last month's -6.8% while imports plunged -23.3% also far worse than exp. -18.8 and March -14.9%; PMI 47.6, Exp. 48.3, last 48.2), it was supposed to be a straight up for the USDJPY, and its carry linked E-mini.