The yen is plummeting this evening on rumors that Japan will undertake a massive 27t yen stimulus package, which is 5x the amount previously discussed. The Yen is currently trading 105.86 vs the dollar, down 1.17%. The NIKKEI is responding, in kind, higher by more than 2.2%
These fucked up rumors of degeneracy include the launch of a comical 50yr bond, 13t in low interest loans (also comical) and an explicit intent to cause inflation, which is the most comical of them all.
Interestingly, Japanese bonds are now raging higher, which is pushing yields even further into negative territory. Might I add this is, by definition, deflationary.
New highs by October.
does this mean China will deval soon…
Why should we care about Japan and their stupid JGBs?
The more Japanese QE, the higher the ark rises.
Wild guess the Ark is good here. That is crazy unstable shit going on in Japan.
Hi Guys, Yen was 104 yesterday, this stimulus story is old news. Abe has been talking about it for weeks. The real question is whether Kuroda will act on Friday. I say no.
In the end it is all about who is the sucker. https://www.youtube.com/watch?v=mpL0Q2OSRwQ
The Japanese yield cure is both inverted and upside down. What signal does that give for the future? Shelter in place or squeal like a pig.
https://youtu.be/EPIPLahykrI
Oh no, there goes Tokyo, go, go Godzilla.