Nikkei at strong support above 13000. At the bottom of first consolidation zone post April 4 gap up. Yen near 100. JGB yield dropped to 0.805 as Kuroda buys more with increasing frequency. June could be a good month. Overnight nikkei future tested 13100, bounced off low indicate hedge fund attack or yen carry trade unwind not going on at this price. I'd give the bounce a chance.
Currency traders believe yen will test 99 , that is a negative.
I'm such a moron. Someone bought 20,000 contracts on July options , $50 ~ $55 spread. I'm buying back my shares now. Paid less than I sold it. So Its working out. Lets see if yen carry trade come back. There is a gap at $44.51 from April that got filled today. Bounce likely.
Central Banks policies are not something that changes over night. Many are saying that BOJ will be increasing their buying of Bonds.Without a policy change, this is a severe correction, and as always, don't fight the Fed,even if it is a Japanese Fed.
Yen in rally mode after poor ISM number. Weak US economy leads to weaker dollar. The big question now is when will yen carry trade come back on. The 1.2 percentage difference is attractive now that fear of Fed tapering is easing. Bond is rallying, interest rate sensitive REITs , dividend paying stock should bounce. Japan borrowing cost also falling.
I'm always trading in and out. Rising interest rate has a hand in everything at this time. Still believe economy will cool some, rates will come back down in June. DXJ could bounce from here.
Come earnings report time. I think the Japanese co will have stellar numbers.
She tested 44.89, bounce back to 45.38 10:13 AM. Good sign.
You may want to rethink any long position in this etf, seriously! how do you figure that overnight, the nikkei tested 13100, not so. it closed at its very lowest point 13, 261. we are going lower that's a given. get out while you still have a little money left. cost averaging into the knife is just a bad plan.