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5 things you need to know about BOJ's Monetary Policy Meeting1. Yields: Continued to peg 10-year JGB yield at "around zero", but widened the trading bond of 10-year JGB to plus minus 0.25% 2. Purchase of ETF: Ditched its 6 trillion yen guide for annual purchases of ETF , however, it will continue to buy equities as necessary with upper limits of about 12 trillion yen. 3. Interest Scheme to Promote Lending: Established the scheme as an incentive to financial institutions' currenc account balances. The applied interest rates will be linked to the short-term policy interest rate. 4. Short-term policy interest rate: Applied a negative interest rate of minus 0.1 percent to the Policy-Rate Balances 5. Inflation-overshooting commitment: The Bank commited to cotinuing to expand the monetary base until the YOY increase of CPI exceeds the price stability target of 2 percent. MM Analysis The NI225 dropped by almost 1.5% followed by the BOJ's announcement of scraping the ¥6tn guideline and widending the trading bond of 10-year JGB. While we believe, the BOJ's recents move attempted to conduct the Yield Curve Control (YCC) policy more flexibily, keep an eye on the inflation!
TVC:JP10Y
by MacroMicro_Global
BA Breakout Price Targets with potential breakdown levelsIf Boeing can stay away from bad news and regain the ascending channel , it should continue to test the top-side of the above channel as resistance . My thoughts are that potential breakdowns may occur after a failure to test the top-side resistance of the ascending channel . Or after its 3rd test of the top-side resistance of the channel . With good news and Japan continuing to buy equities rather than debt , I don't see it being out of the question for BA to break that top-side trendline resistance and reach the previous all-time-high trend demand zone into the mid $290s
NYSE:BA
by rickhubbard10
1
ridethepig | Opportunities in Hydrogen stocks📌 Another single stock opportunity... I will start posting a lot more of these as the feedback has shown it is working. For today we are tracking a very interesting flow that is finally coming into fruition. Australia, Japan are advancing talks on hydrogen and a deal is around the corner. The breakout of the highs shows flexibility required and is an example of how to look at the important aspects rather than political noise. Momentum players here wish to play down an extension of the range, they wish to create for themselves an advance with reason and presence from the PM visit to Japan to make it a celebration. Another 75% is necessary, despite the fact we are already up big. Buyers should continue to find the courage to resist taking profits and quietly continue loading. The target of 1.50 is possible here . Thanks as usual for keeping the feedback coming 👍or 👎
ASX:HZRLong
by ridethepig
5
USDJPY quickly recoversThe US dollar has recovered higher against the Japanese yen currency back above the 103.00 level, following another short-lived drop towards the 102.70 area. Technical analysis shows that the USDJPY pair is still trapped inside a large falling wedge pattern. Traders that are bullish towards the pair will be encouraged if bulls continue to hold the price above the bottom of the wedge, around the 102.30 level. The USDJPY pair is only bullish while trading above the 104.50 level, key resistance is found at the 104.90 and 105.50 levels. The USDJPY pair is only bearish while trading below the 104.50 level, key support is found at the 102.70 and 102.30 levels.
by K41L3Y
1
The CAD/JPY surrenders to the stability of the resistance The CADJPY pair attempted to form some correctional bullish trades recently, while the stability of 81.05 resistance blocks the bullish attempts and reinforces the chances of renewing the negative attempts. Note that it is important to gather the additional negative momentum to manage to crawl below 80.50 level and open the way to record the main negative targets by reaching 80.05 and 79.60 levels. With Risk Management you will Never loss. thank you
Short
by Ridethemacro
Ni225 Bubble Pattern Analysis5 step pattern describing the bubble formation of the Nikkei index in the 1990's. Phase 1: Trending breakout of basing formation in a strong up-trending move Phase 2: Trending high-volatility drawdown (usually not related to stock or index itself). Phase 3: Trending recovery - stock or index shrugs off the high volatility event as it recovers quickly and stronger than before. Phase 4: Upwards & & sideways non-trending consolidation. Typically choppy trading, but slightly upward move. Phase 5: 3 Phase blowoff top - breakout of non-trending consolidation followed by a smaller upwards consolidation into final blowoff breakout top.
TVC:NI225
by GTStockmaster
ridethepig | JPY Market Commentary 18.12.2020📌 @ridethepig G10 FX Market Commentary 18.12.2020 What was the point in BOJ meeting overnight? Finally extensions of the handouts coming from the Japanese base, and remarkably the 103.0x was rescued via lack of conviction from macro players to chase it lower. Buyers now can play the break, undoing their opponents work and imagine the test of 105 as being important for the yearly close flows. This iteration of dollar strength will be most visible in GBPUSD and USDJPY - choppy conditions seem appropriate. Here we are tracking this rather technical move. I am looking firstly for a move towards 105 resistance, followed by a zag to fade back towards 103.5x which is a 300 tick round trip. Thanks as usual for keeping the feedback coming 👍 or 👎
Long
by ridethepig
1