December 7, 2023

By Nigam Arora & Dr. Natasha Arora

To gain an edge, this is what you need to know today.

Yield Control

Please click here for a chart of Japanese Yen Trust (FXY).

Note the following:

• We have been sharing with you that what the Bank of Japan (BOJ) does will have a major impact on the U.S. stock and bond markets.
• The chart shows that the downward trendline has now been decisively broken.  The downward trendline has been in place because the yen has been artificially suppressed by BOJ.
• The chart shows that an upward trendline is now in place.
• The chart shows a break away move in yen overnight on speculation that BOJ is about to abandon yield control.