I am of the opinion that because of Brexit and the resulting euro weakness, the US cannot allow the yen to depreciate significantly from these levels. I believe the US, Japan and Europe have agreed to relentelessly jawbone and pursue policies that will keep the USDX range-bound between .92 and 1.00 to avoid a major move by the USDX above 1.00, deflation and total commodity collapse. From my persepctive, this is why Japan has been timid about announcing new easing measures this past week and will ultimatley dissapoint markets tomorrow. I believe japan has been leaking easing stories this week to push the yen down to mitigate the push higher that will result from the BOJ’s dissapointing easing measures tomorrow (the market’s dissapointment, not mine:)) – Disclaimer: All guessing, no evidence.
Fully, Abe announced a 28 trillion yen ($265 billion) fiscal package (Expected to stretch over a few years), yet no word on the $ sum to be spent for 2016.
U.S. durable-goods orders sank 4%…Could that be the reason?
Deutsche Bank Profit Plunges 98%…With headlines like these, how can PMs not move up ?
BOJ meets tomorrow, perhaps it’s volatile like before our Fed meets, shenanigans?
I am of the opinion that because of Brexit and the resulting euro weakness, the US cannot allow the yen to depreciate significantly from these levels. I believe the US, Japan and Europe have agreed to relentelessly jawbone and pursue policies that will keep the USDX range-bound between .92 and 1.00 to avoid a major move by the USDX above 1.00, deflation and total commodity collapse. From my persepctive, this is why Japan has been timid about announcing new easing measures this past week and will ultimatley dissapoint markets tomorrow. I believe japan has been leaking easing stories this week to push the yen down to mitigate the push higher that will result from the BOJ’s dissapointing easing measures tomorrow (the market’s dissapointment, not mine:)) – Disclaimer: All guessing, no evidence.
I am with you on this. All the Fed speak and BOJ Kabuki..that’s all they can do.
I Like it Dave .
Pass the Popcorn
What precisely does the BOJ announce ?
Fully, Abe announced a 28 trillion yen ($265 billion) fiscal package (Expected to stretch over a few years), yet no word on the $ sum to be spent for 2016.
Sounds like pocket change !
LOL, gotta love the state of the world when hundreds of billions makes the markets yawn.
ellenbrown.com/2016/07/25/japans-helicopter-money-play-road-to-hyperinflation-or-cure-for-debt-deflation/
Interesting interview with Richard Duncan on Mcalvany Financial today. QE and more QE, everywhere. He says, “Japan’s ready to rock” with QE.
Very interesting discussion. Creditism replaced capitalism:
http://mcalvanyweeklycommentary.com/richardduncan-2/