Since January 2023, the USDJPY has been on an astronomic rise, driven by the significant divergence between FOMC and BoJ monetary policies. The initial market expectation was for the BoJ to intervene when the USDJPY approaches the 155 price level. Today the Yen has come under fresh selling pressure, as the BoJ kept rates on hold, taking the USDJPY above...
ECONOMICS:JPINTR -0.1% November/2023 The Bank of Japan (BoJ) maintained its key short-term interest rate at -0.1% and that of 10-year bond yields at around 0% in a final meeting of the year by unanimous vote, as widely expected. The central bank also left unchanged a loose upper band of 1.0% set for the long-term government bond yield. The board said that it...
Drawing on the charts, nothing else to it than that. Glassy, Grassy, Miami, ascii, chassis, tallahassee. ... For some reason the circles always shift whenever I try to use them as a published idea. Trading View should fix that. The circles should line up with the highs of each section. ... sassy, classy, grammy. Some words that rhyme with Jasmy. ... Let's...
i sell it coz even when dollars down he not down and so many ti_me BOj talk about to intervene. i think they will do soon and if not a big pullback have to happens u can put ur stop lost at 155.6 if u want a bertter RR but i scare about a big leg up
Macro Monday 43 Japan Composite PMI – Japan’s Business Activity (Flash PMI is released Tuesday 23rd April 2024) Unfortunately, I had great difficulty in locating the Japan Composite Flash PMI in chart form on TradingView (it appears to not be available). Instead we will briefly cover the Japan Composite PMI chart which is the final PMI released later...
In addition to the eagerly awaited US data slated for release this week, investors will be keeping a close eye on the Bank of Japan's interest rate decision scheduled for Friday. Market expectations lean towards the BOJ maintaining its current rate settings during Friday's announcement. However, analysts and investors will scrutinize the central bank's...
ECONOMICS:JPIRYY (March/2024) The annual inflation rate in Japan ticked lower to 2.7% in March 2024 from February's 3-month peak of 2.8%, matching market consensus. There were slowdowns in prices of transport (2.9% vs 3.0% in February), clothes (2.0% vs 2.6%), furniture & household utensils (3.2% vs 5.1%), healthcare (1.5% vs 1.8%), communication (0.2% vs 1.4%),...
Macro Monday 42 Japan Reuters Tankan Index – Business Sentiment (Released this Wednesday 17th April 2024) Firstly lets briefly cover the Japan Consumer Sentiment we covered last week, Japan Consumer Sentiment Last week we covered the Japan Consumer Confidence Index (CCI), which provided a great indication of how the Japanese consumer is feeling. The...
Is BOJ's Intervention Hiding Behind Inflation Data? Japanese inflation data is scheduled for release on Thursday, but its impact on the market might be subdued. Investors could prefer to pay attention to next week's quarterly growth and price forecasts from the Bank of Japan, which could be the real market movers. According to sources cited by Reuters, the...
Anxiety hangs heavy over the yen market. With the Japanese currency hovering near a 34-year low against the U.S. dollar, traders are wary of potential intervention from Japanese authorities. This comes as Finance Minister Shunichi Suzuki reiterated the government's concerns about the rapid depreciation of the yen. The Yen's Slide: A Perfect Storm The yen's...
I wasn't going to post about this one as I imagine it's being covered by everyone what with the captain obvious setup on a basic horizontal but since I've covered the Yen before I may as well I haven't re-visted this chart properly since I made some calls about that blue broadening wedge a few years back and the initial 152 resistance (see the related posts...
Macro Monday 41 Japan Consumer Confidence Index (Released Tuesday 9th April 2024) Japan is the third largest economy in the world after the United States and China, contributing about 8% of global GDP, despite having only 1.8% of the world’s population. For such an impactful populace, lets see how the Japanese consumer confidence levels are looking at...
I've been giving warnings ever since the c0v1d black swan, and especially since the 25k re-test, that Nikkei will grow wings but here's a seeing-is-believing look at where my 40k target comes from For sure it could go higher later and break this key resistance but I would expect at least one more re-test of the navy blue channel beforehand In theory there's no...
I am now moving to a full 90 to 110 % long PUTS in spy and dia I am waiting to be filled in the QQQ puts at some point today We can see a cycle due 4/8 turn
Let's see what's going on in the USDJPY chart. Buyers couldn't push the price up in the last rise and the index hit the stops over the resistance zone. Now, it can fall to the previous important zones.
ECONOMICS:JPIRYY Japan Inflation Rate Lowest in A Year The annual inflation rate in Japan fell to 3.0% in September 2023 from 3.2% in August, pointing to the lowest reading since September 2022. Meantime, core inflation rate dropped to a 13-month low of 2.8%, slightly above market consensus of 2.7% while staying outside the Bank of Japan's 2% target for the...
The USD/JPY has surged to multi-year highs in the 151.000s amid a broader strengthening of the US Dollar and shifting trade dynamics, exerting downward pressure on the Japanese Yen. Currently positioned at 151.590, the pair finds itself within a robust resistance zone, hinting at a potential retracement following the Federal Reserve's upcoming policy meeting. As...
USD/JPY, H4 18 March 2024 The Japanese yen experienced significant selling pressure as investors offloaded positions ahead of high volatility events. Despite the sell-off, bullish prospects remain for the Japanese yen, driven by speculation of potential monetary shifts from the Bank of Japan. Tuesday's BOJ meeting is poised to be consequential, with officials...