Told you… so many times… 😓
But no worries, #BOJ cannot afford to turn off the $JPY printer as you can see from the next line… https://t.co/onTdK9C5S9 pic.twitter.com/C96vRVxxsI
— JustDario 🏊♂️ (@DarioCpx) November 18, 2024
Someone should really tell the #BOJ that continuing to bluff about hiking rates so trading algorithms bid the $JPY is quite a poor strategy when economic data like this keep coming
There is only 1 reason for the #BOJ to hike now, if Yellen forces them so they slow down $DXY rise https://t.co/8lasi23neg
— JustDario 🏊♂️ (@DarioCpx) November 18, 2024
Japan Machinery Orders year-on-year at -4.8% https://t.co/NwVkNDBg04 pic.twitter.com/0SBUMQcQZD
— TRADING ECONOMICS (@tEconomics) November 18, 2024
The Japanese Yen needs more help:
The Japanese Yen just hit 155 against the Dollar, its weakest level since July.
The USD-JPY currency pair has risen 11% over the last 2 months, now near levels where Japan’s Ministry of Finance intervened this year.
Japan spent a record 9.8… pic.twitter.com/i9EyVKVoGb
— The Kobeissi Letter (@KobeissiLetter) November 18, 2024
What the yen needed was the BoJ to raise rates 2 years ago. Interventions don’t work
— Sergi (@sergimovic) November 18, 2024