Back in 2002, Ben Bernanke became “helicopter Ben” after making a reference to Milton Friedman’s concept of money financed tax cuts which he called helicopter drops.   I’ve not seen the term helicopter used for quite a while until last night.  The BoJ ‘s central bank head Kuroda made a statement that there is no need or possibility of helicopter money.  This set a bearish tone for the ES during the European session which appears to be fading as the session wears on.  Volatility continues to remain low as the ES sits perched under it’s all-time high.  Plenty of tier one data pre-market to potentially shake things up: 7:45am EST EUR Min Bid announcement, 8:30 am EST Philly Fed, Claims, and ECB press conference.  Size bias is short on light volume into the morning numbers.