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A survey of 52 Bank of Japan (BOJ) watchers on September 11th showed that the BOJ will raise interest rates next week (100%), and expects another rate hike by January next year (approximately 93%, with about one-third predicting December and the remainder choosing January), indicating a significant acceleration in the policy normalization process. The survey results reflect a dramatic shift in economists views: in the previous survey in July, no one predicted a policy change in September. The BOJ faces upside risks to inflation, and repeated calls for action from US Treasury Secretary Bessenter have fueled expectations of a rate hike this month. Kato, chief economist at Totan Research Institute, wrote in a survey response: "The BOJ may be sending a signal to the market that rate hikes will be spaced roughly every three months. The focus is on how strongly it will imply that it may act more frequently if conditions allow." About 46% of respondents believe the BOJs rate hike pace will accelerate to about once per quarter, while the prevailing view a few months ago was once every six months. About 36% believe the pace will be once every four to five months, while the proportion believing in once every six months has plummeted from 82% in July to 6%.Micron Technology (MU.O): The total bonus for direct employees in Taiwan in fiscal year 2026 is equivalent to 35 to 68 months salary, with a minimum cash reward of NT$1.7 million.Micron Technology (MU.O): Annual performance bonuses in Taiwan for fiscal year 2026 can reach up to 500% of the benchmark target, plus stock awards.Micron Technology (MU.O): Employees in Taiwan who joined the company before August 29, 2025 will receive a cash bonus of NT$1 million (approximately RMB212,000) for fiscal year 2026.On September 11th, the highest 7-day annualized yield of Tencent Wealth Managements "Current Account +" was 1.4910%, and the lowest was 0.7060%. The highest 7-day annualized yield of WeChat Pays "Lingqian Tong" was 0.9870%, and the lowest was 0.8640%. The highest 7-day annualized yield of Alipays "Yuebao" was 0.9000%, and the lowest was 0.8590%.

DOGE Eyes a Return to $0.0850 to Aim for $0.090 as FTX Contagion Declines

Daniel Rogers

Nov 23, 2022 15:37

截屏2022-11-23 下午2.24.11.png 

 

On Tuesday, both Dogecoin (DOGE) and shiba inu coin (SHIB) snapped two-day losing streaks. FTX contagion risk diminished as word of FTX cash holdings and investor interest in FTX assets spread. However, technical indications remain gloomy, with exponential moving averages (EMAs) predicting additional declines.

 

On Tuesday, dogecoin (DOGE) gained 5.23 percent. Reversing Monday's loss of 2.99%, DOGE ended the day at $0.0785. Notably, DOGE closed the day below $0.0800 for the third session in a row.

 

The mid-morning low for DOGE was $0.0729. Avoiding the First Major Support Level (S1) at $0.0715, DOGE climbed to a high of $0.0796 in the early afternoon. At $0.0774, DOGE surpassed the First Major Resistance Level (R1) before retreating. However, a late surge caused DOGE to surpass R1 and close the day at $0.0785.

 

You should only trade with capital that you can afford to lose while trading derivatives. The trading of derivatives may not be suitable for all investors; thus, you should ensure that you fully comprehend the risks involved and, if necessary, seek independent counsel. Before entering into a transaction with us, a Product Disclosure Statement (PDS) can be received through this website or upon request from our offices and should be reviewed. Raw Spread accounts offer spreads as low as 0 pips and a commission rate of $3.50 per 100,000 USD traded. Spreads on standard accounts begin at 1 pip with no additional commission fees. CFD index spreads begin at 0.4 points. This information is not intended for inhabitants of any country or jurisdiction where distribution or use would violate local law or regulation.

 

On Tuesday, the price of Shiba inu coin (SHIB) increased by 4.76 percent. SHIB closed the day at $0.000000881, reversing Monday's decline of 4.21%.

 

In line with the larger market, SHIB reached a low of $0.00000817 during midmorning. Finding support at the First Major Support Level (S1) at $0.00000816, SHIB surged to a high of $0.00000883 by early afternoon. At $0.00000873, SHIB surpassed the First Major Resistance Level (R1) and closed the day at $0.00000881.

 

FTX contagion risk diminished on Tuesday, providing assistance to DOGE, SHIB, and the broader market. Updates on FTX's assets revealed a substantial cash position, which would mitigate the impact of the company's bankruptcy on its creditors.

 

Reports that Justin Sun of Tron and Brad Garlinghouse of Ripple are interested in FTX assets generated additional support.

 

Nonetheless, Twitter news remained unfavorable for DOGE. There was no new information on Twitter's resumption of the crypto integration project that would promote DOGE adoption.

 

However, investor sentiment increased significantly this morning. Risk of FTX contagion remains the primary motivator. Until the court reveals who FTX's creditors are, downside risks will persist. On Tuesday, the bankruptcy judge ruling over FTX decided to redact the identities of FTX's creditors.

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