🚨JAPAN NIKKEI DUMPS 4%
“The Nikkei 225 Index plunged 4.6% to around 38,000 while the broader Topix Index tumbled 3.5% to 2,645 on Monday, with Japanese shares retreating sharply from two-month highs, weighed down by a strong yen rally following the results of the ruling Liberal Democratic Party election last Friday. Former defense minister Shigeru Ishiba, who was seen as less dovish than his rival Sanae Takaichi, won the leadership of Japan’s ruling party, effectively making him the next prime minister. Meanwhile, data released today showed that Japanese retail sales grew more than expected in August, while industrial production came in weaker-than-anticipated.”
Now we know what caused the BTC dump, and preceding pump on rumor of bad news
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
“The Nikkei 225 Index plunged 4.6% to around 38,000 while the broader Topix Index tumbled 3.5% to 2,645 on Monday, with Japanese shares retreating sharply from two-month highs, weighed down by a strong yen rally following the results of the ruling Liberal Democratic Party election last Friday. Former defense minister Shigeru Ishiba, who was seen as less dovish than his rival Sanae Takaichi, won the leadership of Japan’s ruling party, effectively making him the next prime minister. Meanwhile, data released today showed that Japanese retail sales grew more than expected in August, while industrial production came in weaker-than-anticipated.”
Now we know what caused the BTC dump, and preceding pump on rumor of bad news
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
💯4👀2
Japan’s Nikkei now climbing back up, from a low of more than -5%
Crypto appears to be rebounding as well, so far
“Japan crashes bitcoin” really is going to be this cycle’s “China bans bitcoin”, isn’t it
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
Crypto appears to be rebounding as well, so far
“Japan crashes bitcoin” really is going to be this cycle’s “China bans bitcoin”, isn’t it
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
👀4💯1
Some parts of crypto slightly down, others apparently dgaf
Market seeming more skeptical of Japan apocalypse this second time around,
but we’ll see over the coming hours
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
Market seeming more skeptical of Japan apocalypse this second time around,
but we’ll see over the coming hours
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
👀6
“Shigeru Ishiba’s election as leader of Japan’s ruling Liberal Democratic party is expected to put pressure on the country’s stocks on Monday morning after Nikkei 225 futures fell 6 per cent following his victory this week.
Ishiba, a former defence and agriculture minister who is set to take over as prime minister on October 1, is a China hawk who has vowed to prevent the nation from falling back into deflation.
The new LDP leader has said he supports the Bank of Japan’s plan to normalise monetary policy, but investors are concerned about his support for heavier taxes on companies and investment income.
Before the winner of the leadership race was announced on Friday, Japan’s Nikkei 225 index had rallied 2.3 per cent and the yen had fallen, suggesting the market was positioned for a win by economic security minister Sanae Takaichi. Takaichi supported stock market-friendly “Abenomics” policies of ultra-low interest rates and fiscal stimulus.
Nikkei 225 futures traded in Chicago fell sharply after the LDP election result announcement.
“The futures market tells us it’s going to be very ugly on Monday. Normally you would look to buy the dip, but on this occasion you would probably want to wait a bit for everything to adjust,” said a trader at one of Japan’s largest investment banks.”
— From 14 hours ago, upon announcement of Japan’s election results
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Ishiba, a former defence and agriculture minister who is set to take over as prime minister on October 1, is a China hawk who has vowed to prevent the nation from falling back into deflation.
The new LDP leader has said he supports the Bank of Japan’s plan to normalise monetary policy, but investors are concerned about his support for heavier taxes on companies and investment income.
Before the winner of the leadership race was announced on Friday, Japan’s Nikkei 225 index had rallied 2.3 per cent and the yen had fallen, suggesting the market was positioned for a win by economic security minister Sanae Takaichi. Takaichi supported stock market-friendly “Abenomics” policies of ultra-low interest rates and fiscal stimulus.
Nikkei 225 futures traded in Chicago fell sharply after the LDP election result announcement.
“The futures market tells us it’s going to be very ugly on Monday. Normally you would look to buy the dip, but on this occasion you would probably want to wait a bit for everything to adjust,” said a trader at one of Japan’s largest investment banks.”
— From 14 hours ago, upon announcement of Japan’s election results
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Article from 2 days ago pointing out how it was expected for Japan’s Nikkei index to crash on open.
So seems clear that this bad news was known for a few days ahead,
there was a pump leading up to bad expected market open,
and then a dump as expected.
So everyone saw this coming, though what happens next still isn’t totally clear
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
So seems clear that this bad news was known for a few days ahead,
there was a pump leading up to bad expected market open,
and then a dump as expected.
So everyone saw this coming, though what happens next still isn’t totally clear
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
👀3😁1
$BTC and $ETH continuing to drop
$SOL has been holding relatively strong, but wondering if that could break soon
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
$SOL has been holding relatively strong, but wondering if that could break soon
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
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