What’s Behind Markets Pricing “Emergency Fed Rate Cuts” - Your Questions Answered (Video)

New USDJPY resist/support levels? NKY crash’s impact on PM Kishida approvals ahead of Sept election? Orchestrated market crash by BOJ + other major central banks? Why are JPY & SOFR futures lockstep?

Subscriber questions answered in the video below.

Questions / Answers:

• mendo
  what are your new support/resistance levels expressed in USDJPY, not the other way around ?

• Market disciple
  Hi Weston, love your coverage of USDJPY and risk asset relationship

  Would the damage in nikkei change the thinking calculus on Yen strength ?

  Is Kishida approval/disapproval rate affected by Nikkei carnage , besides yen strength ?

• DYLAN
  Hey Weston Loving the coverage... Best macro-clown out there! 🤣

  Do you have any thoughts on this being an intentional BOJ orchestrated crash. Tgey surely knew the market wasn't ready for such hawkish commentary. No soothing words today, which would have been the case if they were accidentally too hawkish. Would they have given the other major central banks a heads up on what was coming? Also, if this was intentional (almost certain), where does it end and for what reason?

  (Referenced video on the major CBs - Fed, ECB, BOE, BOJ - coordination below)

• Michael
  Would it be fair to say the weak fixings indicate some of the currency stress that was preventing China from bringing in the liquidity hose is lifted?

• David B
  For the sake of discussion...could you share your thoughts on the link (if there are any) with the Yen & Eurodollar futurs (Three Month SOFR)?

  Because they have been ripping along with the Yen.

Thank you all for the great questions! Let me know if you liked this response format (or not).

And please subscribe if you'd like to join the discussion!

Thanks as always,

Weston