BANK OF JAPAN DELIVERS THIRD STIMULUS SHOT IN FOUR MONTHS $EWJ $YCS $FXY $JOF $JEQ
This post was just published on ZYX Global Multi Asset Allocation Alert. Our subscribers are now sitting on decent gains in our two Japan related positions. Most subscribers purchased YCS in the high $30s and now it is around $48. Most subscribers also have about 8% gain in EWJ. Today the Bank of Japan (BOJ) delivered the third stimulus shot in four months. The BOJ expanded its asset buying and lending program to 101 trillion yen, an addition of 10 trillion yen. There was some disappointment in the markets because the BOJ left its inflation target at 1%. Shinzo Abe, whose party won Sunday’s elections by a land slide,