Just that once again fundamentals proove right as the BOJ implements negative rates in line with our expectations for their crucial need to do more. We have been calling a Jan move since October for the BOJ to act and its fun to see ourseves prooved rigt again (after our accurate fed call in August last year). I guess this means the Score is:
Fundamentals 2, Recession kids 0.
More importantly, divergence between the BOJ and FED will now become more apprent as time goes on. Expect more raises from the Fed this year and expect more stimulus from the ECB. Also expect the BOE to surprise everyone. Divergence is here in a big way, just like we said. This is a great opportunity to make money. Let us hope we capitalise on it correctly,