đ„Explain more clearly to you guys why Japan kept interest rates unchanged this morning is good news! đ„
Simply put, last week the BOJ, the central bank of Japan, made a very rude statement, scaring investors like if the economy is still okay, I will increase interest rates
And they also said that the Japanese economy is okay!
You guys are afraid that the FED will cut interest rates, Japan will increase interest rates, which will cause the Yen Carry trade effect to repeat like the last Black Monday - traders will not be able to react in time, causing a series of positions to be liquidated or have to sell off
Finally, the BOJ is keeping interest rates unchanged, giving traders time to reorganize their ranks to get used to the new easing environment globally
