This page has been archived and commenting is disabled.

BTFTriple-Dip-Recession - Japanese Stocks Recover GDP Losses

Tyler Durden's picture




 

3 days and 1400 NKY points roundtrip and all is once again well in the world according to Abe. The Nikkei 225 has just recovered all its losses from the dismal GDP downside 'surprise' thanks to a never-ending levitation in USDJPY back over 117.00. For now, the momentumn has stalled for stocks... but we are sure another regurgitated headline-full of Japanese policy-maker bullshit will send USDJPY to 120 and NKY back to 40,000 any day now - thus proving to all that Japan is indeed 'recovered'.

USDJPY surges... NKY catches up somewhat... but has stalled for now...

 

JGBs remain lower in yield but yesterday's ugly auction did not help confidence that the BoJ can keep a lid on this monkey-business...

 

Charts: Bloomberg

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Tue, 11/18/2014 - 21:04 | 5463203 max2205
max2205's picture

Bad news is cleaning out ths stealth shorts.

 

Wi tu por

Tue, 11/18/2014 - 21:08 | 5463208 cassotto
cassotto's picture

it's the weather, stupid!

Tue, 11/18/2014 - 21:09 | 5463212 ClassicCommodity
ClassicCommodity's picture

Bored... I just want Japan to collapse into a heap already so that the show can get started. Sick of the entree, i'm ready for the main course.

Tue, 11/18/2014 - 21:12 | 5463218 jubber
jubber's picture

Nikkei futures just dropped 130 USJPY 11722 to 11693, Chinese & Koreans taking the opportunity to the sell the fuck out of it?

Tue, 11/18/2014 - 21:22 | 5463246 nakki
nakki's picture

If you had yen wouldn't you turn it into something else? Anything else? Just amazes me that after 25 years they're still doing the same thing, and its not working still, and no not this time, or this next time or the time after that. How fucked is the world when Japan is the Third largest economy on the planet? I guess its just a ponzi world.

Wed, 11/19/2014 - 03:31 | 5464327 JamesBond
JamesBond's picture

It's a great time to visit Japan with your dollars.  3 years ago the exchange rate was close to 75/$1 and now it is 116/$1.  

Tue, 11/18/2014 - 21:25 | 5463255 pitchforksanonymous
pitchforksanonymous's picture

Domo arigato Mister Roboto . . . 

I've got a secret I've been hiding under my skin
My heart is human, my blood is boiling, my brain I.B.M.
So if you see me acting strangely, don't be surprised

Love, The Algos

Tue, 11/18/2014 - 21:28 | 5463262 jubber
jubber's picture

and another ramp takes USJPY back above 117 and Nikkei back above 17400 zzzzzzzzzzz

Tue, 11/18/2014 - 22:52 | 5463563 bonin006
bonin006's picture

Keep printing, Abe. My FXY puts are just about even now, which feels quite good after seeing them down 98% at one point, but 120 would give me double at least. 130 could give me a 10 bagger.

Do NOT follow this link or you will be banned from the site!