Archive | June 15, 2007

Nikkei Rallies, Hits 18,000 Intra-day as BoJ Holds at 0.5%, Yen Falls

By on June 15, 2007 in Market Summary

The yen carry trade lives another day and our stance remains that it will stick around for some time in spite of any short-term noise. The Bank of Japan could raise interest rates as early as August. Notice the latest meeting vote was unanimous. It is extremely unlikely it will hike next month. A quarter-point [...]

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