May 19, 2025

LOCKED Japan Update: BoJ Bond Market Survey Shows Lower Functionality, Liquidity

BoJ Bond Market Survey Shows Lower Functionality, Liquidity
Foot In Mouth Dept.: MAFF Minister Says He Has “Never Bought Rice”
US Tariffs Push Global Pulp, Recycled Paper Price Lower
Ishiba Reiterates Opposition to Lowering Consumption Tax Rate
Nippon Steel (5401) Offers US$14 Billion Capital Investment in US Steel (X)

May 19, 2025

MI2 TD Chart Point: Moody’s Lit the Match

Exhaustion signals were already stacking — now the Moody’s downgrade may be the macro accelerant that forces the unwind. SPX has printed TD Combo 13, CCMP and INDU are stretched, and DXY has flipped into a live breakdown. This isn’t just a sentiment reset — it’s a repricing of risk across the board.

May 19, 2025