This is starting to get too predictable. Next thing you know we’ll all start fading the news only to have news matter. I think the fact that we’ve been able to absorb record-low ISM data this morning does suggest that an absolutely horrendous employment figure on Friday will have only limited impact; Armageddon is already priced in, as well it should be.
EUR/JPY is up at 117.90 now while the Dow is up 70.
