John Carter Futures Analysis: Yen Continues to Move the Market Higher

Overall the futures market is relatively quiet as we kick off the month of June on a big data week in the U.S. and China. The S&P 500 continues to move straight up on light volume, particularly on the Bank of Japan saying it keep its currency weak a couple of weeks ago. Since the market has been in an uptrend. The Dow is also making new highs and the NASDAQ has caught up. The point of least resistance seems to be higher, with the transportation index being a large driver of that and the energy sector continues to consolidate which could also drive indices higher. Carter also reviews the yen with is the main driver of the momentum.