BOJ's Sato: Need to watch both downside risks to growth and upside risks to inflation | Crypto Craft

  • BOJ's Sato: Need to watch both downside risks to growth and upside risks to inflation

Added at 3:22am

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Polimini
10 hr ago
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lets be honest about this: the one risk you're really worried about the is the interest on the national debt.
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Trader#28B2
13 hr ago
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next usd jpy 172
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The Doji
12 hr ago
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The monthly 100% fib expansion is just below that level so technically it is plausible, however I can't see the Jap MOF letting it get anywhere near there. Reckon they might go for a double whammy of intevention together with a rate hike as in July '24. The effect would be far more substantial and long lasting - price would drop to sub 150 and even to 140 (like '24) if that happened.
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Polimini
10 hr ago
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remember when it couldn't go above 150? and after that above 160?
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The Doji
9 hr ago
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No, I certainly didn't say that and I cannot recall anyone else of merit.
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Polimini
8 hr ago
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you were very distracted, everyone talked about 150 long before he got there
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The Doji
8 hr ago
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Replying to Polimini
Maybe - it first breached 150 back in Oct '22 - wasn't really paying as much attention to Yen then. But 160 - 162 many said was a line in the sand for the Jap MOF. Its gone +50, lets see what there tollerance level is.
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Polimini
7 hr ago
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Replying to The Doji
There is no tolerance level. The BoJ is not in control, they can't do shit about this. Throwing money at the Forex market is a losing proposition when your country is in trouble and everyone knows it. The only thing that could solve this is raising the interest rate and the moment they do it Japan is done, their debt level is so insanely high they can't afford to do it.
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The Doji
7 hr ago
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Replying to Polimini
I think they still have plenty in their arsenal to get back on track. As long as interst rates are less than fiscal growth then they can be raised. But they have to reduce their debt/gdp ratio. I believe they are already cutting back on bond issuance and raising VAT could go some of the way as it is very low.. Whatever though, it's a shit show of massive proportions.
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jon.Fx
10 hr ago
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This is truly beyond expectations. There is no true reality in the market. Data, indicators, and even unexpected news sometimes emerge that are completely off the mark.
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Trader#9BEE
5 hr ago
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Yea sure keep watching Sato
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