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SHOCKING JAPAN INFLATION HITS 3.0% – BOJ IN A PANIC!
Japan’s inflation is on fire, reaching an explosive 3.0% and sending ripples through the economy! This dramatic uptick is raising eyebrows and causing the Bank of Japan (BoJ) to sweat bullets over possible interest rate hikes. Hold on to your wallets, folks—this isn’t just a blip!
A RATE HIKE INEVITABLE? 76% CHANCE BY YEAR-END!
Swaps are going haywire, signaling a staggering 76% chance that the BoJ will raise rates by a whopping 25 basis points before the year wraps up! Just a month ago, such a move seemed unlikely, but now it’s practically knocking at the door!
YIELD RACE: JAPAN DRAGS GLOBAL MARKETS DOWN!
The pesky long-end Japanese bond yields are rising faster than a caffeine-fueled rocket, and guess what? They’re dragging down long-term rates around the globe! Investors are shifting their focus, eager to snatch up domestic bonds instead of playing the foreign game. This is a major shake-up!
USD/JPY: A CORRELATION TO BEAT ALL CORRELATIONS!
In a jaw-dropping twist, the correlation between USD/JPY and Japanese yields is tightening like never before. What’s once been a cozy relationship with U.S. Treasury yields is now tossed aside, with Japanese yields taking center stage. Buckle up—this affects everything!
TECHNICALS SCREAMING ‘SELL!’
The charts don’t lie—everything indicates more downside for the USD/JPY pair! The trend has turned sharply bearish, and those pesky moving averages are signaling trouble ahead. If you thought you could bounce back above 144.00, think again! This level is met with fierce selling pressure!
FRESH SHORTS UNLEASHED AS RALLY FIZZLES!
After breaking the uptrend earlier this week, the pair plunged to 142.80 before attempting a comeback. Spoiler alert: it FAILED! With the Relative Strength Index trending lower, it’s clear momentum is swinging against any hope for a rebound.
WATCH OUT BELOW! SUPPORT AT 141.65!
While the bears are chomping at the bit, support lies at 141.65. But fear not! If the USD/JPY manages to close above Thursday’s high, it could shift the bias. Right now, though, it’s a thrilling ride downhill!
Stay tuned, because this economic thriller is just getting started!
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