Bessent: BOJ's Ueda Could Succeed If Given Freedom on Rates

GOOGL shares fell more than 3% in the last close, dropping to 387.70. Although the RSI at 37.7 approaches oversold territory, the MACD line remains below the signal line and in negative territory, confirming weak momentum. The price is trading below both the 20-day and 50-day moving averages, making the short-term outlook negative. While the news headline is not directly related to GOOGL, uncertainty over global interest rate expectations may pressure technology stocks. The likelihood of a continued short-term downtrend is high.

The news indicates that the Bank of Japan (BOJ) could succeed if it gains flexibility in its interest rate policy, which does not provide a clear directional signal for USDJPY. Technical indicators are mixed: RSI at 54 is in neutral territory, MACD is below the signal line but positive, and the price is above the SMA20 and SMA50. In the short term, a sideways or slightly upward movement can be expected, but there is no clear catalyst. The market will continue to monitor the BOJ's potential steps and the Fed's stance.

The Nikkei 225 index experienced a sharp decline of over 4% in the last 24 hours, falling to the 60,513 level. While the RSI at 31.8 approaches oversold territory, the MACD line remains below the signal line and in negative territory, indicating weak short-term momentum. The price is trading below both the 20-day (60,988) and 50-day (62,119) moving averages, which paints a negative technical picture. A news headline suggests that the Bank of Japan (BOJ) could succeed if it provides flexibility in its interest rate policy, which may keep rate hike expectations alive in the market and put pressure on equities. Although the risk of a continued downtrend in the short term is high, a potential corrective buying cannot be ruled out due to the oversold conditions.

Bessent's remarks regarding BOJ Governor Ueda may have a limited short-term impact on broad market sentiment, as they do not clarify market expectations for Japan's monetary policy normalization. However, the signal that the BOJ could gain more flexibility in raising interest rates might reduce risk appetite, particularly by triggering the unwinding of carry trade positions in emerging markets. For Turkish markets, this could indirectly affect foreign interest in TL-denominated assets in the short term, but it is too early to determine a direct direction.