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binwood

9,074 Posts.

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28/04/16

16:33

Post #: 17623062
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Originally posted by wombat53 ↑

"If there was a sign that nothing else matters but central bank largess, this was it. The moment The Bank of Japan statement hit and proclaims "unchanged" a vacuum hit USDJPY and Japanese stocks. Reflecting that Japan's economy has "continued a moderate recovery trend" which is utter crap given the quintuple-dip recession, Kuroda and his cronies said they will "add easing if necessary" and apparently that is not now. Not so much as a higher ETF purchase or moar NIRP.. and the aftermath is carnage - NKY -1000 points and USDJPY crashed to a 108 handle!!

*BOJ WILL ADD EASING IF NECESSARY

*BOJ: SEES LARGE DOWNSIDE RISKS FOR ECONOMIC OUTLOOK

*BOJ: JAPAN'S CPI TO BE AROUND ZERO PERCENT FOR TIME BEING

http://www.zerohedge.com/news/2016-...oints-nikkei-drops-1000-points-usdjpy-crashes

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US Dollar Index gone through 94. What's your opinion Wombat, bounce from here or the start of a break down? Or AJ this seems to be your kind of thing mate. Would be interested to hear both your opinions
1 Upvote

0 Great analysis

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