Yen Surges As Japan's Deputy PM Says Excessive Yen Gain "Corrected" Submitted by Tyler Durden on 04/08/2013 20:23 -0400 Bond Green Shoots Japan Nikkei Yen The circus continues. For this evening's entertainment, the countrty Deputy PM Taro Aso explains the "excessive JPY gain has been corrected," upon which USDJPY instantly strengthens 40 pips reversing all the post-US0-close JPY weakness. Of course, the market reaction was evidently enough for him to swallow his words and 'retract' his comments mere moments later. At the same time, the BOJ declares: *BOJ MEMBERS AGREED JAPAN'S ECONOMY STOPPED WEAKENING While their optimism is welcome, facts (as they often do) stand tall in the face of their rhetoric as Japan's Macro index and manufacturing new orders (to name just two recent data points) do not even show second-derivative green shoots. And for the third and final act of this evening's early debacle, 30Y JGB yields have slammed 9bps higher (as JGB Futures prices look set for another halt). The Bottom is in? The Bottom is in? What happens when Aso opens his mouth... ruining the 100 target the world had for 2am... (maybe push it back to 3 or 4am)... and it looks like we are set for another JGB Futures halt as long-dated Japanese bond yields are blowing higher once again... and 20Y even more volatile... and just to add to the fun - SGX entire futures exchange down.... Mini JGB's and Nikkei 225 yet to open on SGX... Average: 4.9 Your rating: None Average: 4.9 ( 10 votes) Tweet - advertisements - Login or register to post comments 10547 reads Printer-friendly version Send to friend Similar Articles You Might Enjoy: Rajoy Summarizes Overnight (And Recurring) Sentiment: "There Are No Green Shoots, There Is No Spring" 17 Macro Surprises For 2013 Chris Martenson Interviews Mike Shedlock, Discusses Deflation, The Fed, Gold And Other Subjects VIXterminating, Voluelmess Ramp Left To The US Stock Market For Second Day In A Row Japan Megaquake And Tsunami - Gold Mixed As Yen Surges Against All Currencies
标签: evening经管大学堂：名校名师名课
京公网安备 11010802022788号
论坛法律顾问：王进律师
知识产权保护声明
免责及隐私声明
