Sonny

So the landslide victory for Takaichi in Japanese snap election has been interpreted as bullish due to his views on maintaing a loose fiscal policy. However, USDJPY is not really reflecting that. 1h bear div and strong rejection off the open. Still maintain that we are going to see a pretty savage move down this week for risk assets.

Given the action over the last couple days for NQ and ES, it looks like they're developing a running flat for wave 2. Which suggests to me that a powerful move down in wave 3 is close. Probably push up a little more tomorrow off the back of this news and I will be looking to reposition in the VIX futures long.

Shorted the open