BoJ slowly and already began to cut interest rates

Brian Twomey Brian's Investment

BOJ Interest Rates 2023. A massive 5 point rise and never reported.

BOJ Interest Rates 2023 to 2024. The BOJ slowly and already began to cut interest rates. The highs of the 2024 line will travel to the bottom of the 2023 line. The headline rate was never changed nor will it adjust in April or May or 2024. The BOJ proposal is a 10 point change or 5 more points than the 2023 jump. The BOJ could cover another 5 points easily and never touch the headline rate.

The BOJ releases trade data on Tuesday and this data is far more important than a few Inflation points as profound effects will be determined for the USD/JPY exchange rate to next moves and possible intervention.

2023 to 2024, USD/JPY = Orange Vs Real Effective Exchange Rate Index = Blue.

Author

Brian Twomey

Brian's Investment

Brian Twomey is an independent trader and a prolific writer on trading, having authored over sixty articles in Technical Analysis of Stocks & Commodities and Investopedia.

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