Why Gold is lagging Safe have losses & Yen is outperforming 1. When looking at Gold vs Yen or XAUJPY it becomes apparent why Gold is lagging the broad safe haven losses that we have seen during this risk-recovery rally - investors are buying gold over Yen - so gold appears to be their preferred safe have asset to hold in a risk-on rally - likely a function of...
Sell this breakout. Track 4hr. TG1 : 105.56 TG2 : 103 (Bottom of channel) Kurodo may intervene at 105
With markets on edge and Japanese inflation data this week, those short the yen are hoping the Bank of Japan Governor, Haruhiko " Kamikaze " Kuroda, will further increase the balance sheet through more quantitative easing. Because when everything else fails, he'll try to go all in. Or will he? Essentially, his brilliant idea to implement negative rates, or NIRP,...
Yesterday, Ashraf Laidi put out an interesting post on the USDJPY and a 40-month cycle. From April 1995 to August 1998, the pair rose just over 85 percent. In brief, in the mid-90s, the US were raising interest rates (who does that anymore? Psh), which made the dollar stronger following the recession of 1990. The Japanese yen was devalued, too, as their asset...
Dollar bulls may be few and far between, as a potential rate hike has now become a "buy the anticipation, sell the rumor" play. Even the most hardcore bulls like Marc Chandler has taken a step back to rethink the dollar. After making a series of lower highs and lower lows, the dollar could very well test the lows near 93; while a series of resistance levels...
'On last Thursday, Kuroda met with Prime Minister Shinzo Abe and assured him that he would do more if needed, especially if the BOJ is still failing to meet its 2 percent inflation target. "Should conditions emerge where the target becomes difficult to meet, we are ready to make without hesitation adjustments to policy, additional easing or whatever," Kuroda told...