Chile Central Bank Holds Interest Rate at 4.5% as Inflation and Global Risks Persist 
BOJ Seen Holding Rates at 1% While Keeping Inflation Risk Warning 
China Holds Loan Prime Rates Steady for 14th Month as Economic Recovery Remains Uneven 
BOJ Rate Hike Expectations Rise Ahead of September Meeting 
Eurozone Bond Yields Fall as Oil Slump Eases Inflation Fears Ahead of Central Bank Meetings 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Brazil Cuts Selic Rate to 14% as Inflation Eases but Risks Persist 
RBI Holds Repo Rate at 5.25% as Inflation Risks and Global Uncertainty Persist 
In February this year, we called on our readers to go short on Nikkei225 as we finally expected the tide to change direction amid loose monetary policy windup, https://www.econotimes.com/FxWirePro-Sell-Nikkei-225-13-risk-reward-ratio-1158298 we urged readers to go short on Nikkei at the then current rate of 21828 with a target of 15300 and stop loss of around 24200 area.
However, in May we had to warn that a weaker yen might threaten our bearish outlook in the Nikkei225 as a weaker yen almost always act as a bullish agent, https://www.econotimes.com/FxWirePro-Call-Review-Weak-yen-might-challenge-our-bearish-outlook-for-Nikkei-1327446
Just as we feared, the weaker yen has led to the stop loss hit in our short-term bear call in Nikkei225, https://www.econotimes.com/FxWirePro-Short-term-sell-opportunity-in-Nikkei225-1401035
Though our longer-term call has not been hit yet, but, it’s already in loss of almost 650 points as JPN225 (CFD of Nikkei225) trading 22660 area. At this point, we are not recommending a complete square off at loss, but calculations suggest that if USD/JPY continues its bull-run, the Nikkei225/JPN225 could rise to as high as 27000 area.
