Technical Analysis

Bank stocks in Tokyo are rising again, 5 to 10% up

Eamonn Sheridan

Eamonn Sheridan

Wednesday, 21/12/2022 | 00:38 GMT-0

21/12/2022 | 00:38 GMT-0

The BOJ widened its JGB tolerance band. ICYMI:

Follow through for the yen in Europe and America times:


Japanese financial stocks rose sharply Tuesday in Tokyo trading on prospects that their profitability will improve.

  • the reasoning being that higher government bond yields mean banks and insurers can charge higher interest rates on commercial loans and earn better yields from bonds and other financial investments.

Financial stocks rising again in early trade Wednesday.

  • the broader index is getting hit again though.


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