Why is the market up?

👉Market UP after Bank of Japan's decision to HOLD interest rate 🇯🇵

🩸Remember that the market recently COLLAPSED due to the YEN Carry Trade caused by Japan's RISE in interest rate...

🔹It was reported that the recent STRENGTHENING of the YEN minimized the risk of inflation and that therefore they have some time to "decide on monetary policy"

🔹Some interpreted this as a suggestion that the BoJ might not raise rates again this year ✅

👉Japan's interest rate 🇯🇵 and the US RECESSION 🇺🇸 are the new FOCUS of the market 👀

Source: Tech with Catalina