Does this look like Kuroda has it all under control?
[5]
In summary:
Japanese bond yields have crept slowly higher since the big flush on Monday and Nikkei 225 is 2.6% below its highs on Monday seemingly pinned at 17,000. We note this as Abe & Kuroda's currency collapses yet another big figure to 115.00 (up 7 handles in 7 days from pre-FOMC) - the highest in over 7 years. The crucial 120 line in the sand should be crossed early next week at this rate... [6] What was the trigger for tonight's exuberance, we hear you ask, why the Japanese market opening - which sent USDJPY instantly up 40 pips.
JGB yields creeping higher...
[7]
As USDJPY loses its beta to stocks...
[8]
No mo momo...
[9]
If at first yuou don't succeed...
[10]
And smash Gold for good measure
[11]
Charts: Bloomberg
