FFactory already update BOJ raised interest rate by 0.25 to 0.5!
Bravo FF
Bravo FF
17:07 EST and Oanda won't let me close trades in profit 0 replies
Timezone and Sessions Indicators with auto-adjust EST/EDT? 2 replies
what time is the BOJ Rate Decision? 3 replies
What is BOJ's Fukui speaking on tonight? 4 replies
DislikedIf the rate does indeed go to .5%, which I think it will (I don't think Fukui would stick his neck out like this if he didn't have support), the impact on the carry trade will be minimal. I've heard a few sources say that it would take a 2% increase in rates to really put a dent in the carry trade.
Just my 2 cents.
PS. First post here, but I've been lurking around for awhile now. I've learned alot from all of you, thanks!Ignored
DislikedI think that's the biggest concern, the carry trade. Hedge funds that don't manage the currency side of the trade very well may unwind their positions, but otherwise I don't think there will be a rush to unwind the trade.
Otherwise .5% vs. 5% to the US rate wouldn't matter that much to the dollar.
CCIgnored
Disliked
Bottomline: rate hike would create short-term selling across the board on yen pairs.Ignored
DislikedIf the rate does indeed go to .5%, which I think it will (I don't think Fukui would stick his neck out like this if he didn't have support), the impact on the carry trade will be minimal. I've heard a few sources say that it would take a 2% increase in rates to really put a dent in the carry trade.
Just my 2 cents.
PS. First post here, but I've been lurking around for awhile now. I've learned alot from all of you, thanks!Ignored
DislikedSo BOJ raises interest rates and jpy crosses rally. I don't get it.Ignored