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  • BOJ: "Price Stability Target" under the Framework for the Conduct of Monetary Policy

    From or.jp Story is in PDF Format

    The Bank of Japan conducts monetary policy based on the principle that the policy shall be aimed at achieving price stability, thereby contributing to the sound development of the national economy. At the Monetary Policy Meeting held today, the Policy Board reviewed the price stability goal in the medium to long term adopted in February 2012, in light of the above-mentioned principle. As a result, it decided to introduce the price stability target and restate the framework for the conduct of monetary policy. Price stability is defined conceptually as a state where various economic agents including households and ... (full story)

looks like sell below 90.50 targeting 87.50 $$
At this moment you should not be thinking about selling usd/jpy
uh.....and yet its going higher?
Quoting Khlifatayman
looks like sell below 90.50 targeting 87.50 $$
they just implemented an open ended easy policy and increase their asset purchase per month to 13 trillion yen. MORE THEN USD purchaseing bonds a month, and u wana short it at 90.5?
Yup i trade the USDJPY since 8 years .. 87.50 and may 86.90 $
Quoting 4rextrader
they just implemented an open ended easy policy and increase their asset purchase per month to 13 trillion yen. MORE THEN USD purchaseing bonds a month, and u wana short it at 90.5?
So you predict it will go to 100 ?
Quoting Khlifatayman
Yup i trade the USDJPY since 8 years .. 87.50 and may 86.90 $
funny, cuz a few days ago you anticipated uj to be at 92....they jus announced a change in policy, a more aggressive one that what wasn't anticipated by market analysts and the market. IMO you are mistaken
Quoting k3nshinz3139
So you predict it will go to 100 ?
I think anywhere between 92-95 can be hit
Quoting 4rextrader
funny, cuz a few days ago you anticipated uj to be at 92....they jus announced a change in policy, a more aggressive one that what wasn't anticipated by market analysts and the market. IMO you are mistaken
your success rate will improve dramatically if you know why and how this news will effect on YEN , best wishes for you .
I don't think so there is no way it can go.87. It will hit 92 at least before going down if not 95 !!!
nice short khlifatayman...
nice market clean out then we enter
I'm always trading small lot size with relatively capital. My sentiment is UJ going back 87.5. Good luck!
just an idea traders.. if you want to predict the market ... capture your live trades then show your right by posting screen shots!! otherwise give your keyboards a rest.
Quoting greendiesel
just an idea traders.. if you want to predict the market ... capture your live trades then show your right by posting screen shots!! otherwise give your keyboards a rest.
Yeah .
  •  Guest
  • | IP XXX.XXX.160.72
big fish really traps small fish in this market.
  •  Guest
  • | IP XXX.XX.126.36
How did you know that USDJPY would go down?
Currently up over 400 pips with current JPY cross pair short positions. Targeting at least 300 pips per open trade.

Earlier reaction was just knee-jerk reaction, USD/JPY will move lower and form a new "higher low" on the weekly. Probably heading to 85.60 - 85.70 in the near future, this is where I will probably start loading up on more long positions.

Current Open Trades: http://www.forexfactory.com/showthre...82#post6383082
  • Post #19
  • Quote
  • Edited at 1:25am Jan 22, 2013 12:12am | Edited at 1:25am
Quoting Guest
big fish really traps small fish in this market.
when traders can understand market psychology , where novice buy and sell ON THE CHART we then know where the pro money are this creates momentum ,we then ride this using price action supply and demand KISS traders
Well said GreenDiesel
Quoting greendiesel
just an idea traders.. if you want to predict the market ... capture your live trades then show your right by posting screen shots!! otherwise give your keyboards a rest.
Well said 2X!
  •  Guest
  • | IP XXX.XXX.129.163
USDJPY appears to be finding support at the 200 hourly MA...
Quoting greendiesel
when traders can understand market psychology , where novice buy and sell ON THE CHART we then know where the pro money are this creates momentum ,we then ride this using price action supply and demand KISS traders
Wow. thats cools! I never really thought about it that way. So in this case. with the BoJ making its move thus according to the news "weaken Yen" Novice traders were thinking" hey JYP crosses are going to go up because of the weaken yen.Im going to Buy Now as prices are going to go up" But Because of "Market Psychology" and this big news the term " Buy the Rumor, Sell the News" kicks in which we now know that since most unwary traders would buy into the weakness of JPY the Pro's know that big boys would use this opportunity to Cause some stop-losses to be hit for their profit.. I am also guessing that he news itself isnt wrong entirely. Its going to go UP but not right away so the unwary traders ,again, after losing that trade would turn to "Sell" to recover profits but in this case would lose that trade because the Pro now "buy" knowing that the unwary traders would be like that thanks to understanding "Market Psychology" the news eventually turn out to be correct.. Is my understanding off wrong your input would be greatly appreciated
jhaye ,Now your starting to think .. a light bulb moment l like that!! l don't read news l just like to know when it's coming out... your getting there.. your new here so before you get lost in all the BS if your serious with trading career PM me .
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