Originally aired August 8, 2024 on YouTube: Watch the episode with charts and full context at Across The Spread Official Youtube here.

Weston Nakamura once again calls for "top-tick" on NKY and NDX futures, using his newly identified trading range on USDJPY, and explains how markets are severely misreading the latest out of Bank of Japan policy intent, dispelling Bank of Japan Deputy Governor Uchida's "dovish remarks" as the explanation for the global equity rally and yen sell-off during the Japan trading day, and suggests a unique angle on accelerated expectations for Fed rate cuts due to the Japan market-originated global turmoil.

For further insights on the JPY carry trade, USDJPY 152, warning of Black Monday 2024 and more, visit Across The Spread Substack:

Calm During The Storm: Yen Driven Global Markets Are Misreading Bank Of Japan

Must Reads:

Weston's urgent note sent to subscribers from Friday August 2nd warning global market participants (US, Europe) of markets crashing to come, which then occurred the following Black Monday 2024, where the NKY saw a -12% intraday plunge, and hammering global equity markets alongside.

Warning For US & Europe - Japan Is Seriously Crashing Right Now

Black Monday 2024

USDJPY: 152 - The CrowdStrike of Global Markets

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