Bank of Japan Raises Policy Interest Rate to 0.5% – A 17-Year High!
The Bank of Japan has raised its policy interest rate to 0.5% from the previous 0.25%, marking the highest level in the last 17 years.
As of now, the markets are relatively calm, awaiting the press conference by Governor Mr. Ueda. The currency and equity market movements will largely depend on his commentary.
If Governor Ueda adopts a hawkish tone, we can expect the Yen to appreciate against the US Dollar.
This could trigger the unwinding of Yen Carry Trades, which may have a ripple effect on equity markets.
This is yet another negative development for global markets, and potentially for our markets as well.
At this point, it seems like there's no clear support zone in sight.
We will need to keep an eye on the Governor's comments to gauge the next moves. Stay alert!
I have already discussed this in the recent video.
https://www.youtube.com/watch?v=Bb5oDiRH9xo
Everything is going in right direction to make the Indian stock market attractive in next 6 months. I am not buying if the market falls more in next week I will buy on DIPS only on small amount also I will check the support and Q3 results and growth guidance etc.