goodafternoon fellow traders, here is update on gbp/gpy after closed about 180pips on my buy position , then after this retracement dawn i buy again as you can see the chart below. please share yours. Thank you
GBP/JPY (4H): the price has formed a lower low and a lower high, and is now consolidating at the resistance.
If the local support is broken, then we may see a downward movement towards the 178.100 support area.
The Bank of Japan announced that the market value of its government bonds was significantly lower than its book value, resulting in unrealized losses of 10.5 trillion yen, the largest ever.
On the 28th, the Bank of Japan released its financial statements for April to September of this year, and the market value of government bonds held by the Bank of Japan was 576,378 billion yen as of the end of September this year. The book value is 586,878.1 billion yen, which means that there is an unrealized loss of 10.5 trillion yen, a sharp increase from 157.1 billion yen at the end of March this year.
This is because Japan's long-term interest rates rose as the Bank of Japan decided at its Monetary Policy Meeting in July to allow long-term interest rate fluctuations from 0.5% to 1.0%.
The Bank of Japan has so far purchased large amounts of government bonds as part of its monetary easing measures in order to keep long-term interest rates low.
However, as long-term interest rates rise, the valuation of government bonds declines, which resulted in large unrealized losses on the large amount of government bonds held.
The Bank of Japan assumes that it will hold government bonds for the long term until maturity, so ``financial soundness will not be compromised.''
However, some market participants have pointed out that if interest rates rise further in the future, ``there is a risk that the financial and currency confidence of the central bank, the Bank of Japan, will be shaken internationally.'' https://news.yahoo.co.jp/articles/fe...4fedb4498a10ff