Robert Rennie, Research Analyst at Westpac, points out that we spent much of the last year questioning how long the BoJ would carry on adding to market confusion by maintaining a ‘redundant’ ‘about’ ¥80tn JGB outstanding holdings at the same time as a ‘vague’ ‘around zero’ 10yr JGB yield target. Key Quotes “Given the BoJ last hit ¥80tn in October 2016, we feel fully vindicated by what feels like a ‘trial balloon’ on the part of the MPB to gauge potential market reaction.” “Clearly the market reaction would suggest that now is not a good time to stoke bond bears, with a potential trade war in the offing and US bond yields appearing well contained/ curve flattening still in play.” “As such, we stick with our ‘neutral’ near term; more positive bias medium term bias.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next WTI loses traction, still above $70.00/bbl ahead of data FX Street 5 years Robert Rennie, Research Analyst at Westpac, points out that we spent much of the last year questioning how long the BoJ would carry on adding to market confusion by maintaining a 'redundant' 'about' ¥80tn JGB outstanding holdings at the same time as a 'vague' 'around zero' 10yr JGB yield target. Key Quotes "Given the BoJ last hit ¥80tn in October 2016, we feel fully vindicated by what feels like a 'trial balloon' on the part of the MPB to gauge potential market reaction." "Clearly the market reaction would suggest that now is not a good time to stoke bond… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
