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  • BOJ's Kuroda: We need attention on fx, financial market impacts

Added at 1:49am

Added at 1:49am

Added at 1:49am

Added at 1:49am

Soon BoJ will have to intervene again, but this time because of strong Yen.. hahahah

Just jokin'..
I think its safe to say, the Yen closely watchers have turned from huffing and puffing
to more technical trading of the Yen. This means their target is in proximity
...say 130.00 on USDJPY ...from here they want 50pips daily trading range..my guess.
Quoting TheWolf
Soon BoJ will have to intervene again, but this time because of strong Yen.. hahahah Just jokin'..
BOJ is the greatest U/J trader ever. Sell massive amount of dollars at the very top
Quoting jordanvic
{quote} BOJ is the greatest U/J trader ever. Sell massive amount of dollars at the very top
Hahahahaha LoL

And we thought Kuroda was insane... damn..
And suddenly the fed make statement that they need strong usd to keep inflation down..boom, market will chaos....lolz
Quoting TheWolf
{quote} Hahahahaha LoL And we thought Kuroda was insane... damn..
Then
"...sharp FX moves are undesirable... "

Now, USDJPY over 500pip move today only.
"...your eyes are deceiving you"
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Quoting chemosi
{quote} Then "...sharp FX moves are undesirable... " Now, USDJPY over 500pip move today only. "...your eyes are deceiving you" {image}
Unbelivable guy.. cryes all the time about volatility and then drops every currency against Yen at least 500 pips and at least 3 times in 2022..

Good point! LoL...
These are the excuses presented publicly for why BOJ acted.
However this was telegraphed all over the news prior as Japan is embarking on a major new self defense initiative.
Yen needs some buying power for Japan to boost defense spending.

BOJ under Kuroda, monetary policy was at odds with Sovereign needs of Japan. BOJ will act to align itself with National strategic interests.

As long as China has expansionist ambitions in Asia and Little rocket man launches missiles over Japan expect a resurgence in Yen as a counter force.

add: Traders can read into this action by Japan, something and something how this frees up US military for support in Europe.
This is Bulish, it was inevitable, no surprise here
Quoting TheWolf
Soon BoJ will have to intervene again, but this time because of strong Yen.. hahahah Just jokin'..
Its funny how the joke can turn into reality on the same day!!
130.00 - 130.60 USDJPY level must hold or we'll hear the undesirable moves chorus again
Quoting chemosi
{quote} Its funny how the joke can turn into reality on the same day!! 130.00 - 130.60 USDJPY level must hold or we'll hear the undesirable moves chorus again
Quite a drop today.. Pound fell 800 pips so far today.. this is getting interesting indeed!
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