Midday market 12/20: SPY holds 380, bonds unstable, dollars slipping

SPY temporarily holds put wall 380 firm in today's trading session after 5 consecutive days of declines led by energy and financial sectors following a volatile overnight session in Asia. Bank of Japan officially announces stronger measures to control interest rates, causing USD/JPY to plunge while bonds yield surges early morning, putting heavier pressure on high-growth tech stocks and mid-caps.

Liquidity collapses after 5 days of sell-off as put wall at 380 holds firm, also indicating that large gamma-sensitive options positions (with market-driving power) have temporarily been rolled or decayed as VIX shows little movement over the past 3 days.