MFG: Long term strategyThis chart indicates a strong relation of MFG (generally applies to most bank stocks) with gov yield rates - 5 year Japanese bond in this case.
Considering the chart pattern, there is still a possibility of testing a bottom for a couple of months, but the stock price should soon catch up with the yield rate.
As the downside risk is limited, we may be seeing a great opportunity to accumulate and add these stocks to your portfolio for income gain.
FRB started rasing the funds rate. This may continue for a couple of years and it is best to watch their monetary policy.
The current inflation we are experiencing is worldwide and BOJ will follow FRB - FRB is running ahead of BOJ.
FRB will tell you when to exit.
