<p style=““ class=“text-align-justify“>Just to provide a bit of context, Ito is also touted to be a potential successor to Kuroda for the top job at the BOJ, and he has previously worked closely with Kuroda together at Japan’s finance ministry and was also Kuroda’s inspiration for adopting the 2% inflation target in Japan. In an opinion column, he acknowledged the central bank’s efforts to fix market functionality after having tweaked its yield curve control policy last week:</p><p style=““ class=“text-align-justify“>“Kuroda is correct on this technical point. But the tweak to the YCC could still be the first step toward monetary-policy normalization. If so, it should be heralded as a sign that the BOJ has had some success with its decade-long ultra-easy monetary policy. Kuroda’s Bazooka, as it is colloquially known, may have hit its mark.“</p><p style=““ class=“text-align-justify“>Ito goes on to argue that „next year’s ’spring offensive‘ – annual pay negotiations – is expected to bring large wage hikes, partly to compensate for the higher inflation rate in 2022“. Adding that such a scenario would „be an ideal initial condition for the BOJ to start hitting its inflation target on a more sustainable basis“ and „bring a happy ending to Japan’s decade-old ultra-easy monetary policy“.</p><p style=““ class=“text-align-justify“>The full post can be found <a target=“_blank“ href=“https://www.project-syndicate.org/commentary/bank-of-japan-yield-cap-could-be-first-step-to-normalization-by-takatoshi-ito-2022-12″ target=“_blank“ rel=“nofollow“>here</a>.</p>

This article was written by Justin Low at www.forexlive.com.

<ul><li>Prior -57.5</li></ul><p style=““ class=“text-align-justify“>CFA notes that despite financial analysts being now somewhat less pessimistic about the Swiss economy, the only real improvement in the outlook that they are expecting to see – if at all – stems from China.</p>

This article was written by Justin Low at www.forexlive.com.

<p style=““ class=“text-align-justify“>The energy crunch in Europe has been a key story since the Russia-Ukraine conflict and there were major worries in the past few months over how things are going to play out during the winter. The good news is that milder weather has helped with the situation, meaning fewer households have been cranking up the heat this December.</p><p style=““ class=“text-align-justify“>The data from Gas Infrastructure Europe showed Germany’s gas storage to be at 88.2% full as of Tuesday, up some 1% from the week before.</p><p style=““ class=“text-align-justify“>Of note, gas demand in Germany fell to a six-week low over the Christmas weekend – clocking in at just 2.2 TWh/day according to THE.</p><p style=““ class=“text-align-justify“>As for why this is relevant, it is because Germany is Europe’s biggest consumer of gas and as storage levels are able to keep sufficiently high, it means a reduced probability of shortages. In turn, that will also help reflect lower gas prices – which will be a welcome development for households in general.</p><p style=““ class=“text-align-justify“>For now, it is still early as gas consumption will continue to dwindle down the storage levels all the way through spring before being replenished in the autumn again.</p><p style=““ class=“text-align-justify“>/<a target=“_blank“ href=“https://www.forexlive.com/terms/e/eur/“ target=“_blank“ id=“b0427fd7-674c-4ad1-b689-22d1f8b087b0_1″ class=“terms__main-term“>EUR</a></p>

This article was written by Justin Low at www.forexlive.com.

<p>This is one of the most simple technical analysis, and guide (bullish or bearish) that you will probably see. It shows swing traders and buy and holders (or those seeking to sell some of their holdings) exact prices of when the market is in the favor of bulls or bears, and why. </p><p>The above is a simple map that can provide you with directional clearance, based on a simple and known pattern called a ‚bull flag‘ (channel) and previous pivot points, as well as the famous and followed 20EMA, which is a key indicator in technical analysis. Both are descibed below. </p><p>About bull flags in technical analysis: A bull flag channel chart pattern frequently continues a stock’s ascent. It’s characterized by consolidation followed by a rapid upswing. When a stock’s price rises strongly and sustainably, it forms a channel or flag-like pattern on the chart. Horizontal trendlines border this horizontal channel. Upper trendline represents resistance, lower is support. </p><p> During consolidation, the stock’s price may move inside the channel, but within a tight range. Traders and investors wait to see which way the stock’s price will go next during a period of consolidation. The stock’s price breaks out of the channel and rises, signifying an uptrend. Others may wait for a pullback or retest of the breakout point before placing a trade. </p><p>About 20-day exponential moving average (20EMA): EMAs are used to smooth price data and spot patterns. It’s like a simple moving average (SMA), but recent price data is given greater weight. The 20-day exponential moving average (EMA) is a technical indicator that takes the average stock price over the last 20 days, but gives greater weight to recent days. </p><p>To compute the 20-day EMA, first calculate the weighting multiplier, which is 22/(N+1) (in this case, 20). Once you have the weighting multiplier, you can compute the 20-day EMA. EMA = (Today’s price * Weighting multiplier) + (Yesterday’s EMA * (1-Weighting multiplier)). Repeat this method for each day in the period, beginning with the previous day’s EMA. The smoothed line on the chart helps filter out noise and volatility in pricing data. </p><p>Trade the Nasdaq at your own risk and visit ForexLive.com <a target=“_blank“ href=“https://www.forexlive.com/technical-analysis“>technical analysis</a> for additional perspectives.</p>

This article was written by Itai Levitan at www.forexlive.com.

<p style=““ class=“text-align-justify“>This ties in to the decision from mainland China yesterday, with the Hong Kong government also set to drop its Covid vaccine pass scheme starting from Thursday.</p><ul><li><a target=“_blank“ href=“https://www.forexlive.com/news/china-takes-the-final-step-to-embrace-living-with-covid-20221227/“ target=“_blank“ rel=“follow“>China takes the final step to embrace living with Covid</a></li></ul>

This article was written by Justin Low at www.forexlive.com.