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This marketing document has been issued by Bank Syz Ltd. It is not intended for distribution to, publication, provision or use by individuals or legal entities that are citizens of or reside in a state, country or jurisdiction in which applicable laws and regulations prohibit its distribution, publication, provision or use. It is not directed to any person or entity to whom it would be illegal to send such marketing material. This document is intended for informational purposes only and should not be construed as an offer, solicitation or recommendation for the subscription, purchase, sale or safekeeping of any security or financial instrument or for the engagement in any other transaction, as the provision of any investment advice or service, or as a contractual document. Nothing in this document constitutes an investment, legal, tax or accounting advice or a representation that any investment or strategy is suitable or appropriate for an investor's particular and individual circumstances, nor does it constitute a personalized investment advice for any investor. This document reflects the information, opinions and comments of Bank Syz Ltd. as of the date of its publication, which are subject to change without notice. The opinions and comments of the authors in this document reflect their current views and may not coincide with those of other Syz Group entities or third parties, which may have reached different conclusions. The market valuations, terms and calculations contained herein are estimates only. The information provided comes from sources deemed reliable, but Bank Syz Ltd. does not guarantee its completeness, accuracy, reliability and actuality. Past performance gives no indication of nor guarantees current or future results. Bank Syz Ltd. accepts no liability for any loss arising from the use of this document.
🚨 If Japan hiked rates, the US Dollar would weaken against the Yen. Anyone who is short the Yen then would have to sell off US equities in order to cover their short, which could've caused a decline in stocks. Most of those stocks would have been tech stocks. It also could have caused a sell off in Bitcoin as many people have borrowed against the Yen to put money into crypto. Basically it would be another edition of the Yen Carry trade which still has trillions of dollars tied into it. 😊 On a day like today, bulls really needed Japan to NOT raise rates. USD/JPY after the decision, up 0.27% Source: @amitisinvesting
Japanese Stocks $EWJ formed a Death Cross for the first time since December 2021 ☠️ The last one saw stocks enter a bear market with a plunge of more than 30%. Source: Barchart
Source: Bloomberg, David Ingles
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