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BOJ Blinks, Carry Thrives: Alpha Binwani Forecasts Dollar-Yen Surge to ¥170

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‼️ 💴 The yen gave up more of its intervention-driven gains after the Bank of Japan left interest rates unchanged, with traders turning their attention to whether Governor Kazuo Ueda can offer support for the currency

Alpha Binwani Capital: “The BOJ is avoiding raising rates. The carry trade is undeterred. As long as the BOJ avoids aggressive hikes, the carry trade continues to provide liquidity to global risk assets. We still see dollar-yen climbing to ¥170”

Dip Buyers Ride Chip Surge: Wall Street Rebounds as Economy Stays Just Right

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‼️ BREAKING: Wall Street staged a comeback as dip buyers emerged, lifting stocks as chipmakers rebounded while data signaled the economy remains in good shape, but isn’t overheating. Equities held gains after data showed a pickup in consumer spending and solid business investment even as the economy grew at a weaker-than-expected pace