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!!!

Tuesday, June 11, 2013
By Paul Martin

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

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