Today's focus: GBPJPY
Pattern – Continuation/resistance test?
Support – 188.20
Resistance – 191.15
Hi, traders; thanks for tuning in for today's update. Today, we are looking at the GBPJPY daily.
The BOJ lifted rates today to 0.10%, breaking the run of negative rates and showing a change in direction not seen since 2007. The BOJ also advised an end to yield...
It has been a big week of central bank policy announcements. While central banks in the US, UK, Switzerland, and Japan left key policy rates unchanged, the trajectory ahead remains vastly different. These central bank announcements were accompanied by a significant upward breakout in bond yields. Interestingly most of the increase in yields has been driven by...
Central banks packed quite a punch last week. Unlike the Federal Reserve and the European Central Bank that raised policy rates by 25Bps, as was widely anticipated, the Bank of Japan (BOJ) on July 28 unexpectedly decided to tweak the Yield Curve Control (YCC) band.
The BOJ begins its withdrawal from YCC
It will now allow some deviation above the long-term rate...
Hi Traders!
The Japanese yen seems to be under pressure from the US dollar, and it could be under further pressure by the time of the Bank of Japan's (BoJ) press conference at the end of next week. The markets will be looking out for the BoJ's outlook on Yield Curve Control (YCC) in regards to Japan's inflation problems; otherwise, the bearish outlook for the yen...
Bank of Japan Governor Ueda spoke at his first news conference as head of the central bank today. It wasn't quite a State of the Union address, but Ueda's message was clear - the current monetary policy was appropriate and he had no plans to make any major shifts.
There has been strong speculation that Ueda will make some significant moves, perhaps not right away...
This week, the Bank of Japan governor’s Kuroda’s decade long term comes to an end. As such we would like to take some time to review what this means for the Yen and in particular, the AUDJPY.
Firstly, central bank timings. In case you missed it, last Tuesday the Reserve Bank of Australia (RBA) snapped its consecutive 10 rate hikes, being the second major...
What is moving this week? Our weekly eyeball into the different markets.
Interest rates likely to be breaking its all time high again, get ready for another volatile month ahead.
Difference between yield and interest rate:
Borrowers take reference from interest rates and lenders take reference on the yield. Interest rates and yield moves in tandem.
Minimum...
potential double top around 3.23% on 10 year treasury rate, coincides with resistance of multi decade down trend (yellow). on a logarithmic price chart.. or do we break out of a multi decade trend and see rates go higher? even if we did break out, could the Fed respond with YCC to stop long end rates going up, which could break the financial system..? thoughts and...
The Reserve Bank of Australia (RBA) concluded its monetary policy meeting on Tuesday with no change in its weekly A$4 billion bond purchases, aka quantitative easing (QE), while holding interest rate unchanged at 0.10%. What has changed during this meeting is the ending of the central bank’s yield curve control (YCC).
Dropping the YCC
It all began when the RBA...
Each time that the cost of money increments, the bubble of the moment pops.
If you check carefully, the parallel channel's upper bands (yellow ones) play the trend resistance role. If those bands are touched, I can reasonably assure that the FED will intervene in the bond market with Yield Curve Control (you don't want to have the biggest economy of the world be...
After the bull run (due to the cut of the interest rates and Quantitative easing from the FED), the LDQ ETF has been distributing since late July.
Historically, the 0.786 and the 0.618 retracements are an inflection point, where the previous trend reverses. We can see this pattern in all assets with an institutional interest.
Until now, the FED is letting the...
With the dropping interest in dollars US10Y yields should normally go up.. This time seem different. Has Yield Curve Control arrived or will a day of reckoning arrive?
