TyB
Yen drops to 15-year low vs euro on BOJ's policy tweak
(BoJ will still do this just “unofficially”. Muh Yen sez it will continue so look for those sharp drops like Friday and Monday (+.5%)….they own 70% of JGBs-and most of the equity markets so someone else needs to do it so like our central bank it will be done via proxy-they are positioning to pump money into China imo to help them as in the past and the language change was from “it’s a cap” to “well it’s really just a reference point)
The yen weakened to a fresh 15-year low against the euro on Tuesday after a small step by the Bank of Japan (BOJ) towards ending (“ending”….yeah we’ll see which zaibatsu bank steps in to do it…Mitsubishi or Sumitomo but prolly a combo of big 4 TBTFs after those 4-Mizuho and Post Bank to those 2-the rest simply are not big enough) years of monetary stimulus failed to appease some investors who had expected a bigger move, while euro zone economic growth and inflation moved lower. At the conclusion of its two-day policy meeting, the BOJ further loosened its grip on long-term interest rates by tweaking its bond yield control policy again, taking another small step towards dismantling its controversial monetary stimulus of the past decade.
BOJ said it would keep the 10-year government bond yield around 0% set under its yield curve control (YCC), but re-defined 1.0% as a loose "upper bound" rather than a rigid cap.
It also removed a pledge to defend the level with offers to buy unlimited amount of bonds(so confirmation it ain’t “ending”)
The euro jumped to a 15-year high against the Japanese currency, last up 1.3% at 160.35 yen.
The yen slid 1.71% 151.6x to a fresh one-year low as traders focused on the BOJ's dovish pledge to "patiently" maintain accommodative policy and forecast inflation would drop back below 2% in 2025.
https://www.msn.com/en-gb/money/other/yen-drops-to-15-year-low-vs-euro-on-bojs-policy-tweak/ar-AA1j9mF4
https://tradingeconomics.com/japan/government-bond-yield
See cap 2 for how much muh Yen believes anything the BoJ sez. And cap 3 as the 10 y JGB approaches it’s “reference” point of 1%
They let killary run and she should have not been allowed. That was when they took 3 whole days to “go over” 30k emails and gave her all clear so I doubt they want to give 45 the reason to point to that. It (constant court appearances) gonna cut into campaigning for sure
Surprised if he’s even allowed on ballot
Mentioned that yesterday (carry trade) blowing up
None of the them ever seen capitulation so they keep piling on with only thing they know
Take a while but habben it will then “we dint see it coming”.
Fail
PlaneFag:Eastern Med
Aussie AF VH8CJ Cessna 525 inbound and on ground at Tel Aviv from Cyprus
IAF 2 C130s up in moar southern position nao and IAF 292 Re’em tanker up as aerial refueling platform
FORTE11 Global Hawk Drone tracking’ over northern Poland-from Sigonella AB depart
South of Kaliningrad
Don’t gibs at the office any longer but many do willingly cuz they stoopid and listen to TeeVee
Fin msm always been harvesting mechanism