BoJ chat march, Jiji / Mag 7 to Mag 3, APPL 4mos lows, NVDA still rocking though / BTC new highs and turn / All eyes and ears on Powell later on

On to you Jerome Powell - the world is listening >>> The Fed's Killer B's (Bowman, Bostic, Barkin) are all voters who have basically said they are really in no rush to cut rates. Bostic introduced the idea of "pent up exuberance" upside risk today which suggests he's probably on hold for longer as well. Waller's most recent speech was "What's the Rush?"

USDJPY hasn't been able to move 150-151+ over the last month -- Some BoJ attendees likely to say that lifting negative rates would be reasonable in March – Jiji >>> against this, mr markets see a very decent carry, JPY to become a bit more volatile over next few months, less one way traffic

Apolllo : The vacancy rate for US office is approaching 20%. And this is in a strong economy with a strong labor market. If the unemployment rate starts rising because of the lagged effects of Fed hikes, the office vacancy rate will increase even more

GOLD : when into a new cycle (which it looks to be be now), it will take all other metals with it eventually, XAG, XPT, copper etc etc

One question is obsessing Tokyo’s financial markets: When will the BOJ exit negative rates? Japan's biggest bank is positioning itself for a liftoff this month

Martin Wolf: “China needs a new macroeconomic strategy. This is not about another ‘stimulus’. It is about changing the distribution of income and spending. The leadership does not want to do this. But events will force its hand in the end.”

BTC hit new all time highs, followed by a near 10% drop ''biggest bearish engulfing candle ever seen' one can read in many places

PBOC head Pan Gongsheng: China has enough room for monetary policies, especially for RRR cuts

UBS chief Sergio Ermotti hits out at Europe’s ‘parochial’ view of banks. Regulations stopping lenders growing allows US rivals to dominate, says CEO overseeing Credit Suisse takeover

Markets : Mag 7 momentum loss (3 of them quite negative stories, AAPL 4mos lows, NVDA still rocking though), USDJPY didn't like 150-151+ once again (March is a time for a BoJ tweak, if ever), main Eq indices ever so slightly off, after such a huge rally, it should be no surprise if we got a 5% correction say. Gold 'entering' a new phase, other metals to follow eventually - plenty of calls now in this direction, all about real rates!