The Traderszone Network

BOJ drops an absolute bomb
Get your yen selling on!
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BOJ to buy ETFs in new program
– To extend average duration of JGB purchases to 7-12 years
The market is slow to react at first because Bloomberg messed up the headline.

Bank of Japan decision is overdue
USD/JPY is starting to creep higher as traders make the longshot bet that the BOJ drops a bomb today and eases.
They say Kuroda likes to surprise when he acts. The Oct 2014 was unexpected but not a complete shock. This would be a total surprise.

Goldman sees further weakness for oil on the worsening of already weak fundamentals after OPEC refused to cut production.

No decision yet
We’re in the late part of the usual window for a Bank of Japan decision.
The rule of thumb is that the longer the BOJ takes to make an announcement, the more likely they are to surprise with more easing. People have crunched the numbers and it’s more than just a hunch.

Apple and China UnionPay have announced a partnership to officially bring Apple Pay to China by early 2016, underscoring the latest battle for customers in the world’s second-largest economy.

Euro up 16 pips, nothin’ else doin’
If there’s a theme in Asia-Pacific trading, you could say it’s a touch of US dollar weakness. After the massive moves higher in the US dollar on Thursday it doesn’t even qualify as a retracement.

China’s new home prices picked up at a faster clip in November, offering further signs of recovery in the economically sensitive sector.