Bank of Japan Governor Haruhiko Kuroda was up all night talking and talking…
...about his central planning experiment. And while he didn’t do anything exactly, Japanese Government Bonds (JGB 10yr) did – they are down 5 basis points to 0.39%. That’s the biggest move lower in a month. The Yen is down -0.4% versus the US Dollar.
The Weimar Nikkei? It likes this. It’s up +0.8% to +13.9% year-to-date.
Of the majors, Nikkei looks better than both the German DAX and S&P 500 right now.
This is a brief excerpt from Hedgeye morning research. Click here to see our full offerings.