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  • BoJ Gov Ueda: Japan's Economy Is Recovering Moderately, Although Some Weakness Has Been Seen

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The moment Ueda opens his mouth, Yen tumbles. What sort of central banker governor is this ? He can't even make up his mind. One moment dovish, then hawkish, then dovish again. Useless.
What he says and current move at FX right now are full opposite)))) JPY is losing power....
yen is depreciating despite Ueda's more hawkish comments, interesting move in contrast to economic theory. Why si this happening? traders shortying yen making most of us japan carry trade before next BoJ meeting? squeezing what they can before interest rate differentials tighten furhter?
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they keep saying they are watching fx moves but why aren't they opening their mouths now when their currency weakens?
Well we all know why Japan is the most indebted Country in the world,,,and they are loving it....But someday these chickens will come home to roost...
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but something weird is going on in the FX markets. FED & ECB cut rates, BOJ does nothing and yet their currencies strengthened against yen. Yen is again weak after Ueda's comments
Quoting Vancarbon
He knows they need to raise rates , the dilemma is raising without the turmoil of the farce known as the carry trade . Too many speculators rely on this cheap source of funding for their leverage. He should raise and hammer the speculators . Ok , the stock market will tumble but the message will be clear , then the economy can actually gain traction.
Exactly.... The whole issue is coz of carry trade... bOJ must stop this mascara
us economy donors
Quoting Vancarbon
It’s not mascara atilaken , that’s a woman’s eyeliner maybe “ massacre “ Just trying to help with the spelling . I’ll remove this post if you want to correct it
Yes yes sorry it's all keyboard correction about my mistyping. You are correct and you understood what I meant
I also believe the real interest rate of the yen is at least Minus 2% not the plus .25% they are making us believe ....Hey guys/girls this is all about the money.... if this would be Bad for japan you think they would be doing this....Think again...
Let's be Really Clear ....If this would not Favour Japan this would not be Happening....you can be sure of That....so why would they want to change it....
I am totally confused this week. This makes no logical sense.

Fed cuts 0.5% USD flies off the rails. BOJ makes hawkish statement - USD/JPY flies off the charts... Pigs to the slaughter. Same market makers are making money.

Never expect markets to follow logic.
I'll join in to this conversation and will agree that the price action isn't making any fucking sense on JPY pairs at the moment. Especially after Fed cut by 50bps. Which is why I don't trade currencies...

Anyway, since this is totally not logical, this is probably a retracement on the Monthly chart after that huge drop and if I had to guess, once it's done we'll see another great fall on JPY pairs.
Gov Ueda gave the impression that BOJ will be cautious & wait to see the effects of their 1/4 point increase in August. BOJ has not entered an interest hike cycle yet, but this depends on direction of inflation, now at 3% which is highest in 10 months.
So, what do you guys think will be the timing of the retracement and another move down for JPY pairs?
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