Japanese Trade Implosion Sends Futures To Lows!

• Japanese Trade Implosion Sends Futures To Lows! 
  by Tyler Durden, http://www.zerohedge.com/ 
  Somewhat disastrous trade balance data from Japan – with exports dramatically worse-than-expected (EU exports -25.1% YoY) and imports worse-than-expected (which will come as no surprise to any ZH reader given Europe’s depression and our discussion of world trade here) – has crushed JPY crosses overnight (especially AUDJPY) which is exactly what we said at the close today was required to extend today’s equity weakness. Sure enough, S&P 500 futures are down over 6 points from the close now – and trading below day-session lows.
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  For those too lazy to click on the hyperlink above, here again is the chart we showed earlier in the year when we gloated over the now rotting carcasses of decouplers everywhere (looks like decoupling has been “greenshot” again, hopefully this time for good), which explains why without a healthy Europe there can never be a global recovery:
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  read more!

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