Posts Tagged ‘ Nikkei ’

BOJ Meeting – What can we expect ? Another surprise from Kuroda ?

Bank of Japan started a two-day policy meeting, yesterday saw the yen strengthening and Nikkei fall. This morning we have the smell of optimism in the air .

Looking at this the market wants another Kuroda magic , or an intention of more stimulus . Could be a very interesting days ahead .Jitters over the recent volatility in bond markets, hoping it can prevent a renewed spike in yields by fine-tuning market operations.

I can see Kuruda increasing REITS purchases and that will have a huge impact on Japanese property, I can see the mortgage rates increasing ,so my view fix it know !

The economy is in such a better state since Abenomics started and Kuroda surprised the market , does Japan need more stimulus ? It’s like asking a child would you like more ice cream ! The market wants more.

Lets lock and load and see what the end of the weeks have in stall for us

Lets lock and load

Tony Evans

http://uk.reuters.com/article/2013/05/21/uk-japan-economy-boj-idUKBRE94K18G20130521

What Bloomberg was talking about :

http://www.bloomberg.com/news/2013-05-22/asia-stocks-rise-before-bank-of-japan-ends-policy-meeting.html

Asian stocks rose, with the regional benchmark index trading at a five-year high, before the Bank of Japan concludes a two-day policy meeting. Trading on Hong Kong equity markets will be delayed due to a storm warning.
Sony Corp. (6758) surged 9.6 percent in Tokyo after Japan’s Nikkei newspaper reported the company’s board may discuss spinning off its entertainment division. Seven West Media Ltd. (SWM) sank 6.6 percent after KKR & Co. sold a stake in Australia’s most-watched television broadcaster.
The MSCI Asia Pacific Index advanced 0.5 percent to 144.82 as of 10:19 a.m. in Tokyo, before markets in China and Hong Kong opened. Nine of the 10 industry groups on the gauge climbed. The measure surged 11 percent this year through yesterday as U.S. economic data improved and the Japanese central bank took steps to counter deflation.
“It is a fairly big day ahead for the yen, with the BOJ set to hit the wires,” said Stan Shamu, a market strategist at IG Markets Ltd. in Melbourne, a trading services provider. “This is likely to be the key event in Asia today and will have an impact on the whole risk space. With no policy change expected, traders will be looking for comments regarding efforts to stabilize the bond market.”

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Nikkei Hits 5.5 year high – Greed & Fear all in one trading day .

Nikkei Stock Average rising 100.88 points, or 0.67%, to end the day at 15,138.12, its highest close since December 2007.

Profit taking and a lot fear saw Nikkei at negative territory in morning session but after lunch market saw the opportunity to buy back in on great news and also the government plan.

What a great week in Tokyo.

Lets lock and load.

Tony Evans

http://e.nikkei.com/e/fr/tnks/Nni20130517D17SS258.htm

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Nikkei hits 15,000 , ¥ weakens – How high can the stock go and how low can the ¥ go ?!?

Is it a bird ? Is it a plane ? No that’s the Nikkei going up up and away .:-)

Yen weakness pushed the Nikkei above 15,000 points for the first time in more than five years, you be hard pressed to remember we just gone through the worst financial situation in recent times , only 5 years ago !

$ pushed above 102 – more positive news about the economy .

What joy it is to hear positive news .

Ozzy $ was reacting to the government budget . I see the $aud weakening , the commodity bubble that has made the country very rich is slowing , as such the rest if the economy is extremely uncompetitive .

Long Nikkei , short Yen , short AUD . That’s my trades and also long £ , I can see it recovering second third quarter .

Tony Evans

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Yen continues to weaken, how low can it go against $/£/€/AID this week ?

We start the week with the Yen maintained losses as G7 Finance Ministers will allow the yen continue to weaken . FTSE & US market futures looks to open higher .

The Yen hit 102.21 at 4:22am lowest since October 2008 , Nikkei up 177.48points +1.21% .G-7 policy makers said they examined Japan’s strategy
and they will monitor its impact on currencies. They reaffirmed their February
commitment to “not target exchange rates” at a meeting in Aylesbury, near
London, U.K. Chancellor of the Exchequer George Osborne told reporters .

How low ?

By the end of the week II can see it trading around :

 101/102 USD

156/158 GBP

132/134 EURO

101/102 AUD

 

Image

http://www.bloomberg.com/news/2013-05-12/yen-falls-beyond-102-as-g-7-tolerates-drop-s-p-futures-decline.html

BOOMING BOOMINGJapan’s Nikkei in best shape since 2008

Japan market is BOOMING !
I can feel a massive end to the year , my prediction of over 13,500 was thought of as crazy by many , today I have a big smile , lucky I am not one of those guys that will say I told you you so but I told you so !

Ride the highs and sell the lows ,

Tony Evans

Japan's Nikkei in best shape since 2008.

Japan’s Nikkei in best shape since 2008

The Japanese stock market hit its highest level in almost five years on Friday, after the Bank of Japan ambitious stimulus plan raised hope of economic revival, after years of slow growth.

The main Nikkei 225 stock index climbed as much as 4.7% to 13,225.62 earlier today – its highest since August 2008. By the end of the trading day, the Nikkei closed up 1.58%.

Meanwhile, the Bank of Japan said on Thursday that it plans to double the country’s money supply in an attempt to spur growth and stop prices from falling. The news took investors by surprise as it was a much bigger step than expected and therefore signalled a more aggressive approach towards accelerating economic growth.

Analysts praised BoJ Governor Haruhiko Kuroda’s bold moves for his understanding of how global markets and investors would react when it comes to monetary policy.

The so-called Abenomics, Prime Minister Shinzo Abe’s economic policies, have drawn attention of investors who were not previously interest in Japan, according to Economists.

By pumping more money into the system, Japan is hoping to promote price growth, ending a cycle of deflation, recession and sputtering economic recovery. Concurrently, it is also hopes to weaken its currency in order to boost exports.

Notably, in the past two days alone, the Japanese yen declined 4.5% against the US dollar and more than 5% against the Euro.

Nikkei Up 4%This morning !!

Nikkei open 4% !96.3$ ! This morning !!

Sitting at my desk I feel Japan is on the way to a BOOM ! Markets going crazy ,

I been in Japan 8 years and loved it in a depression , I don’t know what will happen when the markets boom , marriage made in heaven ?

Tony Evans , Tokyo

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Kuroda Stuns the market – Bank of Japan Boosts Bond Purchases

Bank of Japan (8301) Governor Haruhiko Kuroda 1 – 0 Deflation

Good Job Kuroda you promised the world and you delivered , this a Central Bank Governor that now has the confidence of the market and the world .

The central bank buy 7 trillion yen ($74.6 billion) of bonds a month!!! THAT BIGGER THAN Switzerland GDP PER YEAR !!!!!!!

Yen weakens against the $ – 94.122 AND THE NIKKEI turned A -1.5% LOSS to a 0.5% gain.

Watch this space Japan has declared war on deflation !!

BBC

Bloomberg

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