This page has been archived and commenting is disabled.
USDJPY, Nikkei Tumble After Bank Of Japan Disappoints
Japanese stocks and USDJPY are back below the lows of the US day-session following The Bank of Japan's decision not to stimulate further (despite all the collapsing economic evidence one might need to do such a thing). Investors were clearly hoping for moar (even if economists weren't). With GDP expectations collapsing, BoJ still voted 8-1 not to increase QQE keeping monetary base growth expectations flat. The result is a 500 point drop in The Nikkei from this morning's highs and around 1 handle drop in USDJPY... for now.
Even with GDP expectations plummeting...
The BoJ was boxed into not reaching for the punchbowl just one more time.
The BOJ refrained from boosting monetary stimulus even after inflation came to a halt, with Governor Haruhiko Kuroda betting price gains will re-emerge as the impact from cheaper oil fades.
The central bank kept a plan to expand the monetary base at an 80 trillion yen ($672 billion) annual pace.
“It’s looking doubtful that the U.S. will be able to raise rates this year,” Mitsushige Akino, an executive officer at Ichiyoshi Asset Management Co. in Tokyo, said by phone. “I don’t expect any major changes from the BOJ. There might be some selling from disappointment, but it’ll be minimal.”
And the result...
It seems everyone waiting on The Fed to move first...
Charts: @Not_Jim_Cramer and Bloomberg
»
- 9431 reads
- Printer-friendly version
- Send to friend
- advertisements -
Get Krugman on the red phone with Kuroda & Abe-san, STAT!
Japanese Government & BOJ need to debase Japanese living standards more, faster, and painfully, obviously!
It's for the good of the nominal Nikkei index!
Too much incurred debt, not enough slaves.
Summarizes it nicely, no, perfectly
Krugman last seen wearing pink kimono walking into Fukushima main reactor under gun point of Jap officials saying
"You fix it good too round eye!"
the fed will pump up the futures by morning, no red is allowed in this non rigged market.
Tickmill has been shorting USD/JPY actively on the inter-bank market during London session. Something is cooking?
Yeah, retail are about to get one up the ass.
cue picture of deer.
I'm sure they want to stimulate, but the law of diminishing returns has make it like fingering a sex change whore & expecting her to orgasm at this point.
/lmfoa
Two decades of QE down the drain. I remember when the Japanese were buying up America in a HFT millisecond. Suckered into buying overvalued debt. It's a Jewish trixs are for kids smoke and mirrors scheme.
SO is it a good time to short the indexes and go long silver, yet??
Today we do have got a GREEN Day! http://pigbonds.info/
POMO will overlook you. The plunge protection team is so 1980's
Cannot wait to watch these fucker's to go into hidding. Jim Cramer will set up a foundation to bury his iWatch in a time capsule.