
OPTIMISM ON BOJ DEFENDING YIELD CURVE, 2023 POSITIONING
By Nigam Arora & Dr. Natasha Arora To gain an edge, this is what you need to know today. BOJ Defends Yield Curve Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart shows that the stock market is consolidating in the support/resistance zone. RSI on the chart shows that the stock market can go either way, but with a higher propensity to go up. There is optimism in the stock market on Bank of Japan (BOJ) defending the yield curve. The consensus has been that BOJ is in