/biz/ - Business & Finance

Not convinced of narrative that Japan thing is bearish. BoJ was a big source of UST selling this year, pushing rates up which hurts stocks. If they're gonna do less of that then maybe it pulls US rates down, DXY down, stocks up. So Kuroda might have just saved Christmas. Maybe.

OTOH, if they're only raising their peg because fuel inflation is gonna fuck them even harder, then it means their real rates aren't necessarily higher hence, no more Japan bond market buyers than before hence, just as much dumping USTs to defend yen while YCC'ing.

Anyways, I'm staying half-short personally. Just trying to say, this is not so straight forward and beware anyone sounding confident they know what it means.