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  • BOJ Statement: Introduction of the Quantitative and Qualitative Monetary Easing

    From or.jp Story is in PDF Format

    At the Monetary Policy Meeting held today, the Policy Board of the Bank of Japan decided upon the following. (1) The introduction of the "quantitative and qualitative monetary easing" The Bank will achieve the price stability target of 2 percent in terms of the year-on-year rate of change in the consumer price intex (CPI) at the earliest possible time, with a time horizon of about two years. In order to do so, it will enter a new phase of monetary easing both in terms of quantity and quality. It will double the monetary base and the amounts outstanding of Japanese government bonds (JGBs) as well as ... (full story)

This will kill the JPY.
and then!!!!
usdjpy spike interest rate at 0.1 unchanged.
I want to be rich.
oo..looks like a rocket..
I will be the number one Manager.
wht is the outcome??
  •  Guest
  • | IP XXX.XXX.180.85
its kind of intervention or what???
if you have to ask outcome here, it's better stop trading...
I don't want to say it guys but I told you so
Quoting kalastaja
if you have to ask outcome here, it's better stop trading...
Lol, no one is physic, but if you can't develop some sort of plan they should just hand us their money
When the facts change I change my mind, what do you do sir
Just keep longing on dips....ya
Nice move BOJ...Asset Purchasing Program has terminated...
Wew! the candle look like a high tower. 100 pips on minutes!
BUY xxx/JPY for LONG-TERM. 6 months maybe
Guys read my comments here and see that what happened before was only market manipulation:

http://www.forexfactory.com/showthread.php?t=5505&page=2219
Awesome almost 150 Pips Eur-jpy just in few minutes..
Two years my friends.... during that time, market will show its middle finger to BOJ....
[color=#ff0000]When I find out all the reasons maybe I'll find anot[/color]
Quoting sakhan_nph
BUY xxx/JPY for LONG-TERM. 6 months maybe
i agree with you bro
  •  Guest
  • | IP XXX.XX.59.215
are not all markets manipulated in one or the other way? central banks are the new bigplayers....
it may just be one of those days where it goes up lots of pips 95 is looking like a target
expect to weaken yen to boost japan's exporter, range will be 92 - 102 this year
Quoting hazza
Two years my friends.... during that time, market will show its middle finger to BOJ....
ha ha ha!!!!!!!!
Shirakawa said deflation in this way is not good.But,he did.Kuroda said i will do anything.Asset purchase stops.
So,they are doing their opposite words.Shirakawa bullish and Kuroda bearish(may be)
  •  Guest
  • | IP XX.X.232.52
nikkei chart tells the story ...

http://finance.yahoo.com/q?s=%5EN225
E/J on the track toward 126
Thanks BOJ; helped my long E/J entries at 119.33 and 119.54 very nicely!!
Thank BoJ My AJ is holding for few days.. NOW +150 pips :>
  •  Guest
  • | IP XXX.X.130.162
Yes....thank you BOJ
It's like a bullet train of Japan....
Quoting kalastaja
if you have to ask outcome here, it's better stop trading...
lol i like this one
More than a hobby. Never a game. US Client at 1:50.
what about BOJ Press Conference?
Don't give up
350 pips a day and eur/jpy wants to go up again?!?!?!?
Don't give up
any retracement in yen pairs? what do you think about it?
Don't give up
Quoting geomink
350 pips a day and eur/jpy wants to go up again?!?!?!?
better wait 4H bearish candle and then buy. even good or bad news from all major. or waiting MA 100 become support
Quoting khol_hands
better wait 4H bearish candle and then buy. even good or bad news from all major
do you think a retest in 121 area is possible for today?
Don't give up
Quoting geomink
do you think a retest in 121 area is possible for today?
I dont think so!!! 121.00 its too far today.be patience.
  •  Guest
  • | IP XXX.XXX.180.43
what is the level of strong and secure buying usd/jpy in current secenario???
@geomink No, Its really very small chance for that
Quoting inso
@geomink No, Its really very small chance for that
never seen before 350 pips a day with no retracement
btw everything is possible in forex :-)
Don't give up
Quoting IWBFMa
Just keep longing on dips....ya
There was no dip. I guess I gotta wait some more time....shucks
beware of the North Korea
''Art is making something out of nothing and selling it'' Frank Zappa
Quoting vifer
beware of the North Korea
Japan Empire always Win.. No worry
what about BOJ Press Conference?
Don't give up
Quoting kalastaja
if you have to ask outcome here, it's better stop trading...
LOL Kalastaja. That put a smile on my face.
I am going to make a scrapbook of quotes of the genre:
Quote
what its mean . dolar up?
All contributions welcome.
PK
Quoting adriantr
It's like a bullet train of Japan....
with faster economical policy.
Trade with Patience
will the buying continue during New York session?
This news ruined my massive JPY profits! :-@
Well missed the boat, and typically me, I was there when it all began.
Quoting k3nshinz3139
Japan Empire always Win.. No worry
Japan got no nukes,.... has seen a few though...
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
I wonder if Soros was short or long when this broke?
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
Well Quantum was closed in 2011 so there's no public record access but given the propensity for many hedge funds to automate I'd suggest that even privately they'll have had plenty of time to get it right once the news broke. The available data suggests many FX funds (and there aren't that many tbh) have stayed short yen.

As I've mentioned before I only use market orders and take profit limit orders so whilst I've missed out on the huge daily move I scored well 'between the lines' on many of my yen pairs so my day was over before I got in the shower this morning...1.8% gain, seems so greedy...

Quoting Exodus
I wonder if Soros was short or long when this broke?
The truth is, that the way Japan wants to create inflation it won't work. Global demand is fading and it will fade even more in the coming years. So practicly what they should do is boost the demand at home. Yes, it is a trick that is played on the population, because they would want to spend their money before it becomes worthless. But here is a real trick to this. Once the JPY will get too weak, the BOJ will start reversing its policy again, because they don't have anything on that island, so for importing all the necessary materials and supplies, a not too weak JPY is important. Otherwise with a slow global demand and a killed consumer back home, the country will fall into ruins. People don't realize that the uncontrolled monetary easings have never worked, and never will.
For many years now I was wondering why governments don't want to do things the other way. The best way to come out of recessions, deflations and economic crisis is to fix things at home first. And probably the best way to do that is give people more time. Yes, instead of having them working 10 -12 hours a day, stick strictly to 8 or 7 hours, for the same amunt of money they would make in the 10 - 12 hours. That way people would have more time to be with their family, to go shopping, have fun, travel and so... -, which would lead to more spending. More spending is more hiring, and so on... What Japan is doing, is complete suicide, and in spite of the fact that they know it, they are still doing it. I think more suicidals are to come in the coming years in Japan. Since people will try to work even longer hours in order to make up the difference in the weaker Yen...
But hey, they make me to make money, so why should I care, right? Just to sound a bit selfish here...
The greatest risk in life, is not taking one!
Weakening the currency will stimulate manufacturing/exports. Whilst certain Japanese brands have faded there is still massive demand for their products. Once again new traders need to pull up a quarterly chart to see where yen has traded historically versus USD and overlap that price versus its most dynamic manufacturing period. Late 1998 yen was roughly 14700 v USD. Mid 1980's 25000...
tomorrow BOJ Gov Kuroda speaks!!! really amazing hit my tl tp daily 124.84 strong support if broke 126
  •  Guest
  • | IP XXX.XXX.3.187
GBPJPY is hike like lightening speed. +500 In just one day!!!. Any Idea where it's should stop???
Quoting Guest
GBPJPY is hike like lightening speed. +500 In just one day!!!. Any Idea where it's should stop???
daily chart strong support 147.86.
if it is possible to move upwards tomorrow
  •  Guest
  • | IP XXX.XXX.69.216
Hello all,
I was stupid enough to sell all the following
CHF/JPY
EUR/JPY
CAD/JPY
NZD/JPY
EUR/JPY
USD/JPY
JBP/JPY
AUD/JPY
I am having very bad loss, should I exit with this loss or wait for JPY to recover?
Please, please, please . tell me what to do.
Sherif
Close them all.....close your account and stop trading. Go back to demo trading until you a) know how to read the market, and b) know how to place a stop loss
Doing what you like is Freedom. Liking what you do is Happiness.
Quoting Guest
Hello all,
I was stupid enough to sell all the following
CHF/JPY
EUR/JPY
CAD/JPY
NZD/JPY
EUR/JPY
USD/JPY
JBP/JPY
AUD/JPY
I am having very bad loss, should I exit with this loss or wait for JPY to recover?
Please, please, please . tell me what to do.
Sherif
Are you joking or serious? Why did you short all set of currency against jpy at the same time and did not close them before or right after BOJ meeting result? You should have known this will happen the moment the result was announced. Sorry but i think jpy will not recover to 92 or 93 in near term at all...
@realjumper
Thanks for replying, but what you said will cost me 50% of my balance what will be very difficult.
I would appreciate if you help with practical solution then I can get back to the demo account.
Regards.
@shelika
Thanks for replying.
I didn't follow the fundamental analysis and the news.
I follow only technical analysis (CoG) so I opened all of them this morning.
Is there any hope for the jpy to have any improvment especially that kuroda may get out if they don't vote for him today?
Regards.
Quoting Squeeze
Weakening the currency will stimulate manufacturing/exports. Whilst certain Japanese brands have faded there is still massive demand for their products. Once again new traders need to pull up a quarterly chart to see where yen has traded historically versus USD and overlap that price versus its most dynamic manufacturing period. Late 1998 yen was roughly 14700 v USD. Mid 1980's 25000...
In 1998 Japan was already in deflation, despite the week currency, so I doubt it will help them anyway. And when it was 250 per USD it wasn't helping them because draw away creditors. When a country's currency is too weak, nobody wants to credit them, or if they do, they do it with a very high interest, which is not worth it either...
On the other hand a week currency isn't always the answer, or putting it that way is the answer for a harsher future. Just look back in time, and you'll realize that living situation in the US was the best in the 50's - 60's when the USD was actually very strong. And if you start to analyze those times a bit, you'll see that people had far more time for each other, a lot more for their families, for fun, for everything. In a good and healthy economy people (middle class) have those qualities of life, which in entirity is called "TIME". And it is true the other way, too. An economy is good and healthy because of "It".
As for exports, everything is just forced, does not work for the wealthy countries anymore. Chinese and Indian labor is killing it anyway. Labor is usually that costs the most, that is why manufacturing is done in those countries. Japan won't export to those countries. The weak currency they want is against the USD, EUR, GBP... where the middle class is fading. American cars are slowly getting as good as the Japanese cars. and they are already cheaper, especially when it comes to parts. And those who go for the luxury cars going for the much better ones like the German, Swedish, English cars....
But whatever, lets see the outcome in a few years, or decades.
The greatest risk in life, is not taking one!
Quoting sherif-ismai
@shelika
Thanks for replying.
I didn't follow the fundamental analysis and the news.
I follow only technical analysis (CoG) so I opened all of them this morning.
Is there any hope for the jpy to have any improvment especially that kuroda may get out if they don't vote for him today?
Regards.
It will not happen. Jpy is keep weakening as we speak. You can see usd jpy just made new high. You should use stop loss on your trade.. i know it is hard to close a losing trade... but just hope alone will not help you anything.. better you close it in any jpy retracement to avoid further loss..except you want to hold them for many months full of uncertainty that we don't know when jpy will back to 93 again and you have enough money to save your margin if jpy keep going to 100, then it is your choice to keep it or not...
Quoting sherif-ismai
@realjumper
Thanks for replying, but what you said will cost me 50% of my balance what will be very difficult.
I would appreciate if you help with practical solution then I can get back to the demo account.
Regards.
I've given you the solution....it's just not what you want to hear.....is it?

Meanwhile, the Yen has just cost you even more in the past 40 minutes.....and BOJ chief, Kuroda, is going to 'speak' in a few minutes.......are you willing to risk the rest of your account?????
Doing what you like is Freedom. Liking what you do is Happiness.
EJ-125.00 area good price for sell....
Quoting asgaban
EJ-125.00 area good price for sell....
Do you think it would go to 123? Maybe. But the target now is 128. I would sell @128 for some retracement to 124.

AUDJPY breaks 100. Target is 108.
Quoting attrium
In 1998 Japan was already in deflation, despite the week currency, so I doubt it will help them anyway.
Weakening JPY will trigger another crisis in Asia. So they have to weaken it very carefully and slowly. A quick jump to USD 120 is not good. Most Asian countries use USD for trading.
Quoting frx_trader
Weakening JPY will trigger another crisis in Asia. So they have to weaken it very carefully and slowly. A quick jump to USD 120 is not good. Most Asian countries use USD for trading.
range market 125-123 the new legging area for new option to make buy or sell...
Quoting realjumper
I've given you the solution....it's just not what you want to hear.....is it?

Meanwhile, the Yen has just cost you even more in the past 40 minutes.....and BOJ chief, Kuroda, is going to 'speak' in a few minutes.......are you willing to risk the rest of your account?????
Many thanks, I have closed them all
do you think we should go long ?
Quoting Shelika
It will not happen. Jpy is keep weakening as we speak. You can see usd jpy just made new high. You should use stop loss on your trade.. i know it is hard to close a losing trade... but just hope alone will not help you anything.. better you close it in any jpy retracement to avoid further loss..except you want to hold them for many months full of uncertainty that we don't know when jpy will back to 93 again and you have enough money to save your margin if jpy keep going to 100, then it is your choice to keep it or not...
Many thanks, I have closed them all
do you think we should go long ?
Are you on a wind up mission? If you lost 50% of your account in one session then you're a gambler not an apprentice trader and you haven't got a clue what you're doing. Give up trading, bet on the horses, you'll never win. Hope that helps.

Quoting sherif-ismai
Many thanks, I have closed them all
do you think we should go long ?
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
Good post that, Japan is not new to QE in fact you could argue that they 'invented' it causing a loss of two, perhaps three decades. This latest initiative is their only potential solution and I'm with Squeeze - there's still enough 'equity' in many of their brands for export for it to work.

Your mention of labour and costs is interesting, Japan has an extremely low (genuine) unemployment rate, for the most part is their labour force is extremy well paid, and I don't think the BRICS will affect their manufacturing as IMHO it's all been done before; there's no demand for another Sony, Honda, Toyota, Suzuki manufacturer, but plenty of demand for their products from the BRICS. Were Japan did lose out is not banking on these countries through banking the way HSBC and standard chartered did etc.

What Japan has done in terms of QE is only what the USA has done, our biases cause us to accept the USA model but criticise others who engage in similar practices. The USA started these rounds of QE and competitive devaluation when the investment banking sector collapsed, it was inevitable that their mission would creep causing contagion worldwide.

Quoting attrium
In 1998 Japan was already in deflation, despite the week currency, so I doubt it will help them anyway. And when it was 250 per USD it wasn't helping them because draw away creditors. When a country's currency is too weak, nobody wants to credit them, or if they do, they do it with a very high interest, which is not worth it either...
On the other hand a week currency isn't always the answer, or putting it that way is the answer for a harsher future. Just look back in time, and you'll realize that living situation in the US was the best in the...
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
Quoting sherif-ismai
Many thanks, I have closed them all
do you think we should go long ?
I told you what I think earlier. To repeat.....I think you should stop trading and go onto a demo account and learn how to trade.
Doing what you like is Freedom. Liking what you do is Happiness.
Quoting Spreadbetter
Good post that, Japan is not new to QE in fact you could argue that they 'invented' it causing a loss of two, perhaps three decades. This latest initiative is their only potential solution and I'm with Squeeze - there's still enough 'equity' in many of their brands for export for it to work.

Your mention of labour and costs is interesting, Japan has an extremely low (genuine) unemployment rate, for the most part is their labour force is extremy well paid, and I don't think the BRICS will affect their manufacturing as IMHO it's all been done before;...
I am not criticising what Japan does, and if you read my post carefully you'll realize that the way the US handles things isn't good or right either. (that is why I mentioned the 50's - 60's). You may say I am living in the past, but just because something is part of the past, doesn't mean is wrong. In fact, if anything, we should learn from it!
Many think or know that the US debt is only $14 trillion, but we are actually up at $73 trillion already. Our generation lives in a bubble, which will burst sooner than we might want to...
Besides talking about the BRICS nations, you really think they like what they see now. Everyone in the world wants their products be bought first, which leads to an economic war out there, which will create this bubble to burst pretty soon.
The debt is not something you just write down, or make it dissapear. It is something that will hunt you down eventually. And unfortunately already got out of hand...
The greatest risk in life, is not taking one!
  •  Guest
  • | IP XX.XXX.205.134
sherif-ismai

maybe in month, or 2 months, usd/jpy price gonna be >90
Sherif

Try hedging you trades for now (provided you still have the 50%), what goes up today will surely comes down someday.
Quoting Guest
Hello all,
I was stupid enough to sell all the following
CHF/JPY
EUR/JPY
CAD/JPY
NZD/JPY
EUR/JPY
USD/JPY
JBP/JPY
AUD/JPY
I am having very bad loss, should I exit with this loss or wait for JPY to recover?
Please, please, please . tell me what to do.
Sherif
Are you doing with DEMO account.Then do not ask it to recover with short time frame.
Quoting realjumper
I told you what I think earlier. To repeat.....I think you should stop trading and go onto a demo account and learn how to trade.
Good advice, I hope he still has some cash left.

I closed all my Yen-shorts in profit last night. I am expecting a slight retracement due to Japanese stock market activity however it may not happen. Watching for Tokyo session close in about an hour then may get back in long UJ and EJ. There has been a big move since last Thursday and we may see readjustment in the near-term. After Tokyo-close 15:00 GMT is the next likely quake-point.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
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