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  • BOJ Statement on Monetary Policy

    From or.jp Story is in PDF Format

    At the Monetary Policy Meeting held today, the Policy Board of the Bank of Japan decided, by a unanimous vote, to set the following guideline for money market operations for the intermeeting period: The Bank of Japan will encourage the uncollateralized overnight call rate to remain at around 0 to 0.1 percent. While overseas economies remain in a deceleration phase, they have shown some signs of picking up. In global financial markets, investors risk aversion remains abated, although developments require continued attention. Japan's economy has stopped weakening. Exports appear to sop decreasing, mainly against the ... (full story)

JPY again weak upto 96 ...........bull usd/JPY
Nothing new, but they try to stop weakening...
Quoting kranti
JPY again weak upto 96 ...........bull usd/JPY
Wrong!!! Japan's economic has stop weakening .... YEN will strong in short term
Quoting Maso
Nothing new, but they try to stop weakening...
where thy mentioned that ? if u r jpy buyer then r u comment non predictable thing
it says that they will still be follow aggressive monetary easing and there 2% inflation target is still their goal to be achieved as soon as possible.

Seems to the same words they've been saying for the past months. I think its upto the other currencies (Euro, gbp, aud...etc) to determine yen pairs value for the time being.
  •  Guest
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Quoting kranti
where thy mentioned that ? if u r jpy buyer then r u comment non predictable thing
Kranti, short now before you cry. The Yen is about to rocket high.
Quoting Guest
Kranti, short now before you cry. The Yen is about to rocket high.
well i dont think too much strongness in JPY will be observed for a longer term.. let c
Quoting kranti
JPY again weak upto 96 ...........bull usd/JPY
It has been weak for couple days but at the moment it's stopped weakening..So now JPY will go up soon even for a short time
Quoting kranti
where thy mentioned that ? if u r jpy buyer then r u comment non predictable thing
Well, the statement gives this meaning for me. This is my opinion that in New York this afternoon, We may see a strong Yen. But this is my estimation.
Looks like yen has weaken a bit over past few hours.
One look at the weekly/monthly yen index should shed some light on where it's likely headed.
Ghost Rider - WWTBMD?
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