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- Momofrmnyc commented May 31, 2024
Half the debt BOJ owns. Then they have the Japanese Sovereign Wealth Fund & U.S Treasury bonds which must bring in another multi-billion dollars annually. What they're earning on interest alone off just those 2 would put them in a GDP of a medium ...
- Momofrmnyc commented May 30, 2024
Unemployment claims are marginally up and the numbers are still within the bounds of a strong labor market honestly. The GDP is definitely showing a deceleration from Q4 and is to be expected as we all can see that in the horizons consumers aren't ...
- Momofrmnyc commented May 28, 2024
The average American is definitely getting up to their eyeballs in debt. I have 2 tenants who started struggling to pay rent this year they've been tenants for at least 5+ years and never had any issues but price of goods went up and their pay has ...
- Momofrmnyc commented May 28, 2024
I'd say prices for me are always a bit funny getting closer to the end of the month.
- Momofrmnyc commented May 26, 2024
I mean if this was their attempt at a short lived intervention it was pointless. It just gave opportunities to keep buying YEN at a discount. Fundamentally nothing has changed drastically for us to go long on YEN at this moment. It's definitely a ...
- Momofrmnyc commented May 23, 2024
For me the majority of FEDS if they're looking at rate cuts it would be Q4 and I'm not even certain if their will be a cut at this point.
- Momofrmnyc commented May 20, 2024
You know doing something vs verbal jawboning would've helped your cause a long time ago. Now the majority are just going to keep pushing your buttons until you're forced to intervene again. You guys set up this up the house of charades on yourself.
- Momofrmnyc commented May 15, 2024
What's been more alarming to me recently is whether the data is net positive or negative for USD there's been an article every time correlating how this must position the FED to cut rates. Even when the markets have priced in multiple cuts in the ...
- Momofrmnyc commented May 14, 2024
Oh you know the CPI is coming in hotter than the temperatures in Death Valley. Also we have a Powell speech coming today as well. I expect today will be the starting catalyst of some needed volatility.
- Momofrmnyc commented May 9, 2024
Words for future guidance ehhhh..
- Momofrmnyc commented May 8, 2024
Who cares do you having a losing trade where you're long yen or something? The odds of them doing it again are more likely but in this landscape it'll be different then it was with the 2022 intervention.
- Momofrmnyc commented May 7, 2024
Funnier thing is after all this intervention a few months/year from now we will be knocking on those levels again if not surpassing them. BOJ is operating a comedy show with some of these comments.
- Momofrmnyc commented May 7, 2024
Should they be confident that they have less money while expenses have increased exponentially? Or should they be confident that inflation will come down in a timely manner? How about people being priced out of the housing market? America is trying ...
- Momofrmnyc commented May 6, 2024
Says who? Charts shown that price was trading way above 200 previously. It definitely can easily go there. In 2020 USD/JPY started Jan 1 at 108.500 range we are well into the 153 range at this point 4 short years later. I can definitely see it ...
- Momofrmnyc commented May 3, 2024
That slowing growth with rising inflation is definitely putting us on the stagflation track.
- Momofrmnyc commented May 3, 2024
We've seen weakening in the employment market slightly while inflation has stayed persistent in its slow down. FEDS are getting closer to having their back pushed up against the wall.
- Momofrmnyc commented May 3, 2024
The FED would love to lower the rate if the current data permits it. We can see the weakened demand forming cracks but a lot of it is convoluted with Government spending. It's not as easy as just taking one piece of data for today but looking at the ...
- Momofrmnyc commented May 2, 2024
It's another 300+ pip day on UJ, 400+ pip day on EJ, 390 pip day on GJ thus far. Still some volatility, I'm kind of waiting for NFP and if BOJ will let the markets rest for the end of the week.
- Momofrmnyc commented May 2, 2024
Oh I don't expect them to intervene yet but what I'm saying is they haven't finished with their job until it hits a certain price level. I actually prefer this approach vs just the large selling as it can come any time and your just on defense.
- Momofrmnyc commented May 2, 2024
I mean they started it so they can't stop now. They got to still drag prices lower than the current level if they don't want to see a revisit to 160 so quickly.