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  • Japan MoF Kanda: The size of the FX intervention is normally announced at the end of the month

Added at 6:02am

Added at 6:02am

Added at 6:02am

Added at 6:02am

I will be short EUR/JPY until the end of the month. Maybe longer if I can hold a good position after September 30th
Emotional Control. Process, not outcome.
Today your dovish Monetary policy rate remained at the previous negative rate -.10% and you are saying that market mechanism does not work.
Someone(s) licking their big wounds today...... Do you feel lucky punk? Go ahead.... lol. Boy I do not want to be on a trading floor today. Good news is BOJ and other central banks by intervening might just reduce global inflation by 2% if not more. Dollar bulls had their fill with the Yen and other currencies, time to give some back. History repeats itself.
Quoting GreenJ
Someone(s) licking their big wounds today...... Do you feel lucky punk? Go ahead.... lol. Boy I do not want to be on a trading floor today. Good news is BOJ and other central banks by intervening might just reduce global inflation by 2% if not more. Dollar bulls had their fill with the Yen and other currencies, time to give some back. History repeats itself.
Well according to Mark Twain History doesn't repeat itself but it sure does Rhyme...
There must be a sizeable number of zombie companies in Japan if the BoJ is avoiding lifting its rate above zero
Carbon-Dioxide: the gas of life!
The market mechanism worked just fine until BOJ interfered with it.
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  • Posted: Sep 22, 2022 6:01am
  • Submitted by:
     Newsstand
    Category: Low Impact Breaking News
    Comments: 6  /  Views: 4,324