The Bank of Japan may raise interest rates in December, repeating the first tightening cycle three times within the same year since the bursting of the bubble.
japan's central bank governor Kuroda Kuroda, at a critical moment before the December 19 policy decision, is carefully weighing various data, intending to make a wise choice at the last minute.
12/3 [Strength and weakness material]
[Bullish and Bearish Factors] Bullish factors: The Nikkei average rose (38513.02, +304.99); The NASDAQ composite index rose (19403.95, +185.78); Chicago Nikkei futures rose (38615, +145); The SOX index rose (5055.32, +128.76); The VIX index declined (13.34, -0.17); U.S. crude oil futures rose (68.10, +0.10); Active share buyback; Request for corporate value enhancement by the Tokyo Stock Exchange. Bearish factors: The Dow Jones Industrial Average fell (447.
Having once overturned the global market, yen arbitrage trades are making a comeback.
According to analysis of data from the Japan Financial Futures Association, Tokyo Financial Exchange, and the Commodity Futures Trading Commission of the USA, the short positions in yen held by Japanese retail investors as well as overseas leveraged funds and asset management companies are estimated to have increased to 13.5 billion USD in November, up from 9.74 billion USD in October.
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12/2 [Strengths and Weaknesses Materials]
[Bullish/Bearish Factors] Bullish factors: Dow Jones Industrial Average is up at 44910.65 (+188.59), Nasdaq Composite Index is up at 19218.17 (+157.69), Chicago Nikkei Futures is up at 38300 (+130), SOX Index is up at 4926.56 (+73.55), VIX Index is down at 13.51 (-0.39), US long-term interest rates are down, active share buybacks, request for enhancing corporate value by TSE. Bearish factors: Nikkei Average is down at 38208.03 (-141.03)
