NIKKEI BOJ 07/30/26

$NIKKEI and #BOJ Rate Decision Tonight.

@SecScottBessent said earlier the yen is devalued as it dropped today to 159 ($USDJPY) after an apparent AM intervention. His saying something at all is sus⚠️

What does the chart say? Are we bullish again on $NIKKEI? Not quite, I think this is just a ricochet type dead cat bounce from oversold conditions, something I have been warning against for a week esp on the $KOSPI (RSI < 30 of late.)

I show two paths one to 64000 (yellow mark) this morning on NIKKEI until the rate decision arrives between 11pm and midnight EST. Or the higher level at 65600 (blue mark). These two levels can still maintain the bearish bias down into the astro negative period leading into August 7th.

Please note the following red flags:

- USDJPY started falling today similar to what happened in the July/Aug 2024 carry unwind event. Bessent opening his mouth this evening is ⚠️

- BOJ scheduled their decision meeting after FOMC. The last few times they happened before the FOMC. If you study hawkish meetings pattern, this order is important.

It is not what BOJ says that matters, it will be what they do, and sometimes what they do does not happen the same night, last unwind happened +4days.