Great detective work Russell. Looks like Bank of Japan defending its JGB trading bands is resulting in the Yen getting smashed. How independent is the BoJ from Government that Kishida will let Kuroda continue to keep yield curve control in place?
From someone who knows nothing, how can you decipher that this is actually whats leading the data, or rather a "lucky" anomaly? How much does Japan own of US, or other countries that makes them such a large contender to you as to why they could move the world markets?
Great detective work Russell. Looks like Bank of Japan defending its JGB trading bands is resulting in the Yen getting smashed. How independent is the BoJ from Government that Kishida will let Kuroda continue to keep yield curve control in place?
From someone who knows nothing, how can you decipher that this is actually whats leading the data, or rather a "lucky" anomaly? How much does Japan own of US, or other countries that makes them such a large contender to you as to why they could move the world markets?
🙌🙌🙌