Yen Driven Global Markets Are Misreading Bank Of Japan
Explicit content warning
09/22/24 • 43 min
Originally aired August 8, 2024 on YouTube: Watch the episode with charts and full context at Across The Spread Official Youtube here.
Weston Nakamura once again calls for "top-tick" on NKY and NDX futures, using his newly identified trading range on USDJPY, and explains how markets are severely misreading the latest out of Bank of Japan policy intent, dispelling Bank of Japan Deputy Governor Uchida's "dovish remarks" as the explanation for the global equity rally and yen sell-off during the Japan trading day, and suggests a unique angle on accelerated expectations for Fed rate cuts due to the Japan market-originated global turmoil.
For further insights on the JPY carry trade, USDJPY 152, warning of Black Monday 2024 and more, visit Across The Spread Substack:
Calm During The Storm: Yen Driven Global Markets Are Misreading Bank Of Japan
Must Reads:
Weston's urgent note sent to subscribers from Friday August 2nd warning global market participants (US, Europe) of markets crashing to come, which then occurred the following Black Monday 2024, where the NKY saw a -12% intraday plunge, and hammering global equity markets alongside.
Warning For US & Europe - Japan Is Seriously Crashing Right Now
USDJPY: 152 - The CrowdStrike of Global Markets
---
Support Across The Spread on Substack by becoming a paid subscriber, and get access to the full suite of exclusive written and video content to stay on top of major market themes and globally impacting developments stemming from Asia, along with original market insights and commentary.
Official Substack: https://westonnakamura.substack.com/
Official Website: acrossthespread.com
Official Youtube: https://www.youtube.com/@acrossthespreadYT
Follow on X: https://x.com/acrossthespread
Hosted on Acast. See acast.com/privacy for more information.
Originally aired August 8, 2024 on YouTube: Watch the episode with charts and full context at Across The Spread Official Youtube here.
Weston Nakamura once again calls for "top-tick" on NKY and NDX futures, using his newly identified trading range on USDJPY, and explains how markets are severely misreading the latest out of Bank of Japan policy intent, dispelling Bank of Japan Deputy Governor Uchida's "dovish remarks" as the explanation for the global equity rally and yen sell-off during the Japan trading day, and suggests a unique angle on accelerated expectations for Fed rate cuts due to the Japan market-originated global turmoil.
For further insights on the JPY carry trade, USDJPY 152, warning of Black Monday 2024 and more, visit Across The Spread Substack:
Calm During The Storm: Yen Driven Global Markets Are Misreading Bank Of Japan
Must Reads:
Weston's urgent note sent to subscribers from Friday August 2nd warning global market participants (US, Europe) of markets crashing to come, which then occurred the following Black Monday 2024, where the NKY saw a -12% intraday plunge, and hammering global equity markets alongside.
Warning For US & Europe - Japan Is Seriously Crashing Right Now
USDJPY: 152 - The CrowdStrike of Global Markets
---
Support Across The Spread on Substack by becoming a paid subscriber, and get access to the full suite of exclusive written and video content to stay on top of major market themes and globally impacting developments stemming from Asia, along with original market insights and commentary.
Official Substack: https://westonnakamura.substack.com/
Official Website: acrossthespread.com
Official Youtube: https://www.youtube.com/@acrossthespreadYT
Follow on X: https://x.com/acrossthespread
Hosted on Acast. See acast.com/privacy for more information.
Previous Episode
The Most Important Price Level In Global Markets Right Now
Originally aired Jul 30, 2024 on YouTube: Watch the episode on video with charts to follow along at Across The Spread Official Youtube Channel here,
For further insights and commentary on JPY and its correlation vs NDX, including a deeper look into CTAs, systematic flow behavior and more, see the corresponding article on Across The Spread Substack - read here USDJPY: 152 - The CrowdStrike of Global Markets
As yen strength shakes up markets, USDJPY at 152 is the world’s most consequential green & red blinking ticker price level in the immediate term as it relates to major global markets across asset classes - from DM equities to EM currencies to gold and more, according to Weston Nakamura.
The most impactful “market player,” or market force, is Japan Ministry of Finance and their shift in yentervention tactic - as well as the Bank of Japan this coming week.
---
Support Across The Spread on Substack by becoming a paid subscriber, and get access to the full suite of exclusive written and video content to stay on top of major market themes and globally impacting developments stemming from Asia, along with original market insights and commentary.
Official Substack: https://westonnakamura.substack.com/
Official Website: acrossthespread.com
Official Youtube: https://www.youtube.com/@acrossthespreadYT
Follow on X: https://x.com/acrossthespread
Hosted on Acast. See acast.com/privacy for more information.
Next Episode
Michael Gayed & Weston Nakamura LIVE During Black Monday Japan Trading Hours
Filmed live on Monday August 5, 2024 during the Japan AM trading session of Black Monday 2024, the day that Japan had blown up global markets.
Michael A. Gayed of The Lead-Lag Report and Weston Nakamura from Across The Spread are live, just as the NKY225 and TOPIX Indices see a stunning -12% single-day drop, with global indices across Europe and the US following suit, all thanks to a massive (continuing) surge in JPY.
Michael and Weston discuss the JPY carry trade unwind, the Japan equity market meltdown, and the broader global market spillover effects underway, as well as touching on concepts like NISA flows into US equities.
They also dig in to the Bank of Japan's shock rate hike at the July 2024 policy meeting that had just occurred 2 days prior to Black Monday.
Read from Across The Spread:
Warning For US & Europe - Japan Is Seriously Crashing Right Now
For further insights and commentary on JPY and its correlation vs NDX, including a deeper look into CTAs, systematic flow behavior and more, see the corresponding article on Across The Spread Substack
USDJPY: 152 - The CrowdStrike of Global Markets
——
Follow Michael A. Gayed @leadlagreport
leadlagreport.substack.com
——
Support Across The Spread directly by subscribing on Substack for full access to differentiated, markets-first commentary and analysis of key developments out of Japan, China and the Asia Pacific region of overlooked consequence and impact to green and red blinking tickers across global markets.
Across The Spread Substack subscribers get access to earlier and full videos, written articles, notes and chats.
https://westonnakamura.substack.com
Follow Weston on X: @acrossthespread
acrossthespread.com
Hosted on Acast. See acast.com/privacy for more information.
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