Month: December 2022

The BOJ (Bank of Japan) have increased their upper limit of their yield target to 0.5% and will allow it to move freely between -0.5% to 0.5%. Markets were quick to react with the 10-year Read more…

Daily Pivots: (S1) 165.40; (P) 166.15; (R1) 167.09; More… GBP/JPY’s decline from 172.11 resumed by breaking through 163.02 support decisively. Intraday bias stays on the downside for 100% projection of 172.11 to 163.02 from 169.26 Read more…

Yen rises strongly in Asian session after BoJ’s surprise announcement of raising 10-year yield cap to 0.50%. Dollar is following closely as second, and then Swiss Franc, on risk aversion. For the same reason, Australian, Read more…

USD/JPY: The current general bias for USDJPY on the H4 chart is bullish. To add confluence to this, the price is above the Ichimoku cloud which indicates a bullish market. If the bullish momentum continues, Read more…

New Zealand ANZ business confidence declined from -57.1 to -70.2 in December, a new record low. Looking at some details, own activity outlook fell from -13.7 to -25.6. Export intentions dropped form -5.4 to -10.0. Read more…

Minutes of RBA’s December 6 meeting indicates that the board has considered three interest rate options of a 50bps hike, a 25bps hike, and no change. The argument for a 50bps increase stemmed from inflation Read more…

Hybrid – 6 December 2022 Members participating Philip Lowe (Governor and Chair), Michele Bullock (Deputy Governor), Mark Barnaba AM, Wendy Craik AM, Ian Harper AO, Carolyn Hewson AO, Steven Kennedy PSM, Carol Schwartz AO Members Read more…

Yen surges broadly today after BoJ surprisingly raise 10-year yield cap from 0.25% to 0.50%. AUD/JPY finally breaks through 90.81 support decisively to resume the decline from 99.32. The strong break of a near term Read more…

BoJ surprises the markets today by widening the band of 10-year JGB yield from 0.25% to 0.50% today. At the same time, short term policy rate is kept unchanged at -0.10% as expected. Under the Read more…