Issue No. 177 – Thu 29 March 2024
Bloomberg Market Comments
Wed 27 April 2024
Japan Amps Up Intervention Threat as Yen Hits Lowest Since 1990
Japan had its toughest warning yet for traders on its willingness to intervene in currency markets after the yen slid to its weakest level in about 34 years against the dollar.
The nation’s currency dipped to 151.97 versus the greenback on Wednesday in Tokyo — beyond the level at which policymakers stepped in during October 2022 — before comments from government officials on their readiness to act boosted the yen to its strongest level of the day.
“We are watching market moves with a high sense of urgency,” Finance Minister Shunichi Suzuki said. “We will take bold measures against excessive moves without ruling out any options.” Suzuki’s reference to bold action is generally interpreted to mean direct intervention in the currency market.
QUESTIONS
Will BOJ intervene to support JPY?
If yes, when?
ANSWERS
There will soon be intervention by BOJ to
support JPY.
The most likely date is Wed 03 Apr 2024, or
Thu 04 Apr 2024.
Conditions for a soaring JPY
JPY rises sharply should the following conditions be satisfied:
Condition #1
Presence of a Melody Formation.
Condition #2
In the background, the Melody Formation is
protected by an active Mars (or by a bullish Saturn). Mars is preferable
because Mars can erase any negative influence.
Condition #3
The Ecliptic plane joins the bullish features
to greatly enhance JPY’s advance.
The Solar System is a
huge Musical Instrument.
Neptune = Musician
Mercury = Singer
Venus = Dancer.
A Melody Formation is
made up of:
[Neptune + Mercury] being made
active.
Or [Neptune + Venus] being made
active.
For the coming
intervention, we’ll divide out analysis into 2 parts.
PART A – All 3 bullish planets are energized
On the geocentric Saturn-centered Ephemeris, there are several bullish features (bullish for EUR & JPY, bearish for US Dollar) in early Apr 2024.
Bull One
In early Apr 2024, Mercury moves in backward
motion very near the 45-degree in front of Saturn. This is [Mercury(R) Semi-square
Saturn], a markedly positive aspect.
Bull Two
In early Apr 2024, Mars is a few degrees
behind Saturn.
When Moon interacts with Saturn by
Conjunction, the Moon interacts by Conjunction with bullish Mars also.
Bull Three
In early Apr 2024, Pluto is 420
behind Saturn. It is close to 450 (a Semi-square). Thus, when Moon
interacts with Saturn by Semi-square, Moon makes a Conjunction with Pluto
shortly thereafter.
These features link up all the 3 positive
planets (Mars, Saturn & Pluto) of the Solar system. Its positive effects
are further raised by Mercury (in backward motion). The combined bullish
influence aroused by Moon transits is tremendous. The relevant Moon
transits are as below:
Tue 02 Apr 2024
@21:55
[Mars Semi-square Moon]
Wed 03 Apr 2024
@04:11 [Mercury(R) Square Moon] - part of [Mercury(R)
Semi-square Saturn].
@07:10 [Saturn Semi-square Moon].
@12:23 [Pluto Conjunction Moon]
The interactions of PART A are powerful enough to push up JPY (and to knock down USD).
PART B – Melody Formation
In addition, there is one more extremely bullish factor that favors a rising JPY. It is a Melody Formation, as described on the geocentric Neptune-centered Ephemeris.
The Music Formation is:
Wed 03 Apr 2024
@13:11
[Neptune Conjunction Venus].
Sweet music is engendered when members of the
Melody formation interact with the Moon:
Thu 04 Apr 2024
@07:12 [Neptune Semi-square Moon]
@08:51 [Venus Semi-square Moon]/
Neptune is posited @280 Pisces. The Ecliptic (zero degree Aries) is just 20 in front of Neptune. [Neptune Semi-square Moon] @07:12 should mean [Ecliptic plane Semi-square Moon] in a few hours later. The average speed of the Moon is 130. The Moon moving forward 20 takes about 3.7 hours. It means the Moon makes a Semi-square with the Ecliptic plane about 3.7 hours later. The aspect is:
Thu 04 Apr 2024
@11:00 [Ecliptic Semi-square Moon]. The time
is approximation.
Sweet music is greatly amplified by the Ecliptic-Moon interaction.
For reference, a Table of Aspects for 02 03 & 04 Apr 2024 is appended below.
PART A + PART B
= a soaring market for JPY from NY afternoon of Tue 02
Apr 2024 to NY morning of Thu 04 Apr 2024.
BOJ will intervene on Wed 03 Apr or on Thu 04 Apr 2024 to substantially prop up JPY.
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