Did the BoJ Just Ruin Powell's Plans?

The Bank of Japan spooked markets this morning with a surprise adjustment to its yield curve control policy. The move, which allows the 10-year Japanese government bond (JGB) to move 50 basis points on either side of its 0.0% target rate, doubled the BoJ’s previous line in the sand and was seen by many investors as a hawkish turn as the bank fights domestic inflation.

Weston Nakamura joins Andreas Steno Larsen from Tokyo to break down the BoJ decision and its implications for various global risk assets.

Plus, Dale Pinkert, the head of trader development at TradeGateHub, is here to discuss the action in currencies, specifically the dollar’s response to a suddenly strengthened yen. We want to hear from you, so make sure to get your questions in.

#BoJ #macro #Fed

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Did the BoJ Just Ruin Powell's Plans?

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[ericfrith]

Dale is the new RV goat. Thanks for the great education.

[blankjohnson]

I have to slow down the video to half speed when weston is speaking

[alexchanchan]

The dysfunction of bond market was from the disequilibrium from rate being capped
But why the equilibrium changed may be from the surprised forced reopening from China that will put on the inflationary pressure

[willrino]

Weston's good but rambles too much 11:50

[brandon-hhjf]

I get that the move was a JGB fix, there's a flat yield curve and that the BOJ owns 80-100% of the JGB market, but i can't work out from Weston's ramblings the exact problem the fix was put in place for. If the BOJ owns so much of the market, there is no 'mark to market', so where does the instability come in.

[spetruzify]

I haven’t heard someone say www out loud in 10 years

[paultaylor]

Look at silver on a 12 month chart. Rising 3 pattern forming up.

[mrmrjerich]

It's just timely and ironic 5hat you have exactly 666k subscribers!?

[joebagodonuts]

50 bps is not enough. He needs 2.50%. 🤣

[grantw]

The games afoot. Oligarch plan. Take the short.

[captnhuffy]

pfff. not even close. Write better titles for the videos

[dethray]

all central banks will start raising rates---off to the moon now--the battle is on--gold and silver to the moon