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  • BOJ's new policy approach takes shine off its inflation forecasts

    From channelnewsasia.com

    The Bank of Japan is shifting to a more discretionary approach in setting policy, with less emphasis on inflation, sources said, as the central bank maps its monetary path following the historic decision to end a radical stimulus programme in March. With monetary settings seen on hold, market players are focusing on the BOJ's fresh quarterly growth and price projections due at its April 25-26 policy meeting, for hints on how soon it may hike rates again. While the central bank is expected to project inflation to stay around its 2 per cent target through early 2027, such forecasts alone won't serve as strong hints of ... (full story)

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Inflation boosts gold price. No inflation is not good for gold bulls. Here is a description of Friday's price action on gold:

https://www.investopedia.com/terms/b/blowofftop.asp

Nice chart pattern there.
Fail with the parameters you measure - go find new parameters
Equality will be the next big thing in trading
They would have to start being concerned about the Yen weakness. Surprised that there has been no intervention yet.
Quoting glenngie
They would have to start being concerned about the Yen weakness. Surprised that there has been no intervention yet.
Being long YEN futures, I, too expect some intervention. What's funny is that the 'retail market' has bene uttering the same statements we've been using (i.e. "surprised there has been no intervention yet") for about as long as the BOJ has been saying "we are watching the FX markets very closely" :-P

In other words, it'll happen when it happens....and no one will be ready for it. So we either stay long and hope to catch the move up, or (likely more intelligent and what smart money is doing), don't try to catch the bottom, but have trailing orders that fill once the move DOES finally materialize and, buy executing on the way up, continue to push the price higher along with the BOJ intervention.
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  • Story Stats
  • Posted: Apr 15, 2024 6:05am
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 4  /  Views: 3,841

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