Despite some wide ranging chop and a bit of trending in the carry crosses, the theme was mostly flat as the Bank of Japan left existing monetary policy in place at the end of their 2-day meeting which was a disappointment to some who thought Kuroda would step up the pace.
As such, the Index Futures are "fairly" flat going in to the open and not much has changed on the charts except the 15 min Index future charts are definitely not looking good, yesterday they looked a bit more ambivalent, today there's a clear downgrade in their character, the 5 min chart though is where the action will kick in.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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