JTCC TiGerTrade
12-09

I don't believed in the rally of any kind when FOMC announced the rate cut on 10/12/2025 as this has been factor in. The big one would be the BOJ meeting on 19/12/2025, which will affect the global shift of liquidity, when the carry trade will benefits Japan rather than US. You see, when the interest rate was zero in Japan, a lot of borrowings was made to use the money for purchasing US stocks or treasuries like bonds, but now, the Japanese borrowers will have to sells US stocks and bonds to cover their borrowings when banks started to charge interest and that would affect US repatriation to Japan. This will also affect the US-JPY currencies exchanges as JPY will appreciates against the USD. 

Record Options Expiry Meets BoJ: Can S&P 500 Close Higher Tonight?
Wall Street faces an unprecedented “quadruple witching” this Friday, with record options expirations tied to roughly $5 trillion in S&P 500 exposure and another $880 billion linked to single stocks. The Bank of Japan raised its benchmark interest rate from 0.5% to 0.75%, in line with market expectations. This move lifted rates to their highest level in 30 years and marked the BOJ’s first rate hike in 11 months, since January 2025. ----------------- Will the bull hold 6800? How much effect would BOJ rate hike lay on US stock? Can Santa rally be assured tonight?
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