Brace For Impact: BoJ Disappoints The Market! Nikkei Drops 500 Points From Earlier Highs, ‘German Legal Challege A Threat To Eurozone’, Australia Insolvencies Hit Record And Worst is Yet to Come!!!
Investmentwatchblog.com
June 11th, 2013
BoJ Disappoints! Nikkei Drops 500 Points From Earlier Highs
UPDATE: Nikkei futures now -500 from US day-session highs
In what must be quite a surprise to Goldman (as we discussed here), the BoJ has decided not to give in to the market’s demands:
*BOJ REFRAINS FROM EXPANDING J-REIT, ETF PURCHASES (expected lifting of cap)
*BOJ LEAVES FUNDING TERMS UNCHANGED AFTER JGB YIELD VOLATILITY (expected extension from 1Y to 2Y)
The market’s angry reaction… NKY -300 from US day-session highs, USDJPY gapped down 80 pips to 98.00, JGB Futs closed, JGBs unch. Full statement to follow:
The Rest…HERE