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FX spot fwds and vol calls
- Thread starter atticus
- Start date
Hearing from Azumi under 78 UJ.
"Japan's government is worried about exports._ BoJ rates are virtually at zero and the central bank has eased monetary policy via asset purchases. Finance Minister Jun Azumi has said he is "ready to do what needs to be done". But he has rejected calls from some lawmakers for the BoJ to buy foreign bonds as a substitute for currency intervention. Azumi says that would breach the finance ministry's jurisdiction on FX policy. Bank of Japan meets Aug. 8-9."
thought that might be handy.
This means his way is FX intervention I guess.
"Japan's government is worried about exports._ BoJ rates are virtually at zero and the central bank has eased monetary policy via asset purchases. Finance Minister Jun Azumi has said he is "ready to do what needs to be done". But he has rejected calls from some lawmakers for the BoJ to buy foreign bonds as a substitute for currency intervention. Azumi says that would breach the finance ministry's jurisdiction on FX policy. Bank of Japan meets Aug. 8-9."
thought that might be handy.
This means his way is FX intervention I guess.
yet they can blow money on ETFs, and that's all ok. yeah, this news is from May, but that was when yen was topping, and the intervention talk seemed to go away as the move down happened. "don't make us buy more AAPL! we'll do it."
http://articles.marketwatch.com/2012-05-08/markets/31609040_1_etf-stock-market-central-bank
"Since then, the Bank of Japan has bought almost Â¥1 trillion worth of ETFs â along with another Â¥78.9 billion in REITs â and has an additional Â¥642 billion to spend on the stock funds after raising the programâs size at it last policy meeting in April.
The central bank emphasizes that the program has only broad goals such as supporting interest rates and reducing risk premiums, rather than supporting financial markets.
Jefferies Japanâs head of Japanese strategy Naomi Fink says that while the ETF purchases are really part of the broad push to reflate asset prices in the deflation-plagued country, they do âprovide a bit of a backstop, when they think they can curb the downsideâ for the market.
âStill, itâs a very small amount,â Fink said of the ETF purchases. âItâs more designed to bolster sentiment ... [and] it works best when sentiment is fragile.â
----
http://articles.marketwatch.com/2012-05-08/markets/31609040_1_etf-stock-market-central-bank
"Since then, the Bank of Japan has bought almost Â¥1 trillion worth of ETFs â along with another Â¥78.9 billion in REITs â and has an additional Â¥642 billion to spend on the stock funds after raising the programâs size at it last policy meeting in April.
The central bank emphasizes that the program has only broad goals such as supporting interest rates and reducing risk premiums, rather than supporting financial markets.
Jefferies Japanâs head of Japanese strategy Naomi Fink says that while the ETF purchases are really part of the broad push to reflate asset prices in the deflation-plagued country, they do âprovide a bit of a backstop, when they think they can curb the downsideâ for the market.
âStill, itâs a very small amount,â Fink said of the ETF purchases. âItâs more designed to bolster sentiment ... [and] it works best when sentiment is fragile.â
----
Quote from pikerforlife:
yet they can blow money on ETFs, and that's all ok. yeah, this news is from May, but that was when yen was topping, and the intervention talk seemed to go away as the move down happened. "don't make us buy more AAPL! we'll do it."
http://articles.marketwatch.com/2012-05-08/markets/31609040_1_etf-stock-market-central-bank
"Since then, the Bank of Japan has bought almost Â¥1 trillion worth of ETFs â along with another Â¥78.9 billion in REITs â and has an additional Â¥642 billion to spend on the stock funds after raising the programâs size at it last policy meeting in April.
The central bank emphasizes that the program has only broad goals such as supporting interest rates and reducing risk premiums, rather than supporting financial markets.
Jefferies Japanâs head of Japanese strategy Naomi Fink says that while the ETF purchases are really part of the broad push to reflate asset prices in the deflation-plagued country, they do âprovide a bit of a backstop, when they think they can curb the downsideâ for the market.
âStill, itâs a very small amount,â Fink said of the ETF purchases. âItâs more designed to bolster sentiment ... [and] it works best when sentiment is fragile.â
----
interesting
If I didn't take that long aud/usd last night and take decent profit at 0530 area, I would probably take half off on usd/cad right here, but it's essentially a free trade at stop-out...
I am thinking maybe I should take some profit anyway? Those parity barriers look doomed...
I was looking for 1.0075-1.0100 for the first target on USD/CAD, but I doubt we'll break the range before the ECB but who knows.
Also have my eye back on eur/aud here... doubt thats going anywhere ahead of the ECB either.
for this aud/usd trade I am watching the s&p futures closely along with the oil, $ and gold... then again I always am.
Doesn't seem like QE was what we were running so hard on?? Most didn't expect an announcement until sept anyway from what I gather.
I am thinking maybe I should take some profit anyway? Those parity barriers look doomed...
I was looking for 1.0075-1.0100 for the first target on USD/CAD, but I doubt we'll break the range before the ECB but who knows.
Also have my eye back on eur/aud here... doubt thats going anywhere ahead of the ECB either.
for this aud/usd trade I am watching the s&p futures closely along with the oil, $ and gold... then again I always am.
Doesn't seem like QE was what we were running so hard on?? Most didn't expect an announcement until sept anyway from what I gather.
Quote from contra:
half off the aud/usd long at 1.0519... letting the rest roll, higher target 0550 after ECB.
little profit on stop-out worst case.
sweet... Thinking we might pullback to the 0300's now into the weekly close and/or possibly consolidate here. Watching pullbacks and 1..0424 level.