Monday, February 6, 2017

BOJ Flinched To 'A Bunch Of Dummies'

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*Friday's bond trading in Japan was wild.

*The BOJ may have had second thoughts about its endless bond buying program.

*The BOJ's effort to weaken their currency may have hit a roadblock, President Trump.

*That would be good for the yen.

President Donald Trump accused several nations last week of currency manipulation. One of them was Japan. Japanese Government bonds showed wild trading on Friday, showing that the BOJ may have flinched to such claims. This story could get the yen (NYSEARCA:FXY) to start moving higher again.
Wild Action In JGBs On Friday
Source: Interactive Brokers
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