BOJ Statement on Monetary Policy | Forex Factory

  • 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 unanimous vote, to set the following guideline for money market operations for the intermeeting period: The Bank of Japan will conduct money market operations so that the monetary base will increase at an annual pace of about 60-70 trillion yen. With regard to the asset purchasesm the Bank will continue with the following guidelines: The Bank will purchase Japanese government bonds (JGBs) so that their amount outstanding will increase at an annual pace of about 50 trillion yen, and the average remaining maturity

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ba1ker
Jun 11, 2013 4:18am — Edited
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Quoting Big Move
It is clear that the USD/JPY is heading for support at a level just above 92, before a move back above 100.
Well done! Some of these muppets saying sell Yen are now sinking fast. 50% retrace and the next leg down. My entries were 99 and 99.20 with a SL above 99.40. Enjoy the ride

I will start selling Yen much lower... 90-92 do look like some nice support areas but the best area is 93 for me.
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ba1ker
Jun 11, 2013 6:30am
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Quoting jegas
once Again my prediction is prooved in BOJ statement,i make 619 pips !
How can you make 619 pips when price has moved 300 pips down since yesterday? You had 2 micro lots on? You don't count the pips for each micro lot, you daft brush! Put a yard on and you can state that you made 300 billion pips, so your 619 pips are bull!
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ba1ker
Jun 11, 2013 6:31am
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Quoting Guest
Just reading the comments on a thread like this, it is very easy to realize why 95% of all retail accounts go bust.

Most of you are guessing, hoping & wishing.

Please ask your friends to fund an acct as well
We need people like them in the markets to fund our accounts
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ba1ker
Jun 11, 2013 6:58am
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Quoting sonney227
This is a bullshit move down- market is angry because BOJ just said the same thing...
You haven't mastered the art of reading the markets properly... this takes 1000s of hours of screen time.
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ba1ker
Jun 11, 2013 8:20am
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Quoting sonney227
We'll see
Yes, eventually USDJPY will go to 110 and then 120 but not this year. You bought too soon! I will be buying at a better price because I don't want to be 500 pips underwater, that is not how I trade.

@Big Move - I don't see 96 as major support. What makes you think this is major support? Also are you trading or investing... BIG difference! In retail trading you use a SL to cut your losses short when the market tells you that you're wrong.

@jonathanhk - Sure make pips, but like my example I can state I made 300 billion pips by putting a yard on. Wish I had a yard to put on... LOL
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jonathanhk
Jun 11, 2013 7:15am
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Quoting bbakker
How can you make 619 pips when price has moved 300 pips down since yesterday? You had 2 micro lots on? You don't count the pips for each micro lot, you daft brush! Put a yard on and you can state that you made 300 billion pips, so your 619 pips are bull!
With due respect, what's the difference if one trade 1 lot and TP for 619pips or 2lot and TP for 300pips (equivalent to 1lot 600pips)? Presume jegas meant it that way I wonder?

In any case as long as one make pips either short or long, what's the problem?
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jonathanhk
Jun 11, 2013 8:25am
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Quoting bbakker
@jonathanhk - Sure make pips, but like my example I can state I made 300 billion pips by putting a yard on. Wish I had a yard to put on... LOL
LOL - well if only we have a yard to bet on! Even 1 pip TP a day will be more than sufficient to last me months

Nice one bbaker!
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jegas
Jun 10, 2013 10:03pm
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Once again Yen become strong,all yen pairs will down because of the BOJ policy statement ,so go short !
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jegas
Jun 11, 2013 4:56am
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once Again my prediction is prooved in BOJ statement,i make 619 pips !
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dbutton1990
Jun 10, 2013 10:22pm
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It's simple...there's a lot of uncertainty right now in the market, and Japan has the most solid plan. Until we get a decision from the fed on QE, I would expect the yen to strengthen.
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Pip Anon
Jun 10, 2013 9:54pm
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Looks like nothing changed.
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k3nshinz3139
Jun 10, 2013 10:52pm
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Kuroda will lead you go to sky..
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Deano9999
Jun 10, 2013 10:04pm
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Little change in fact or tone, so the JPY jumps and takes the majors with it. The yen crosses down.
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Jaymantos
Oct 24, 2016 10:32am
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Quoting shopster
more sellers than buyers.

no wait , more buyers than sellers.

s
I like it, all
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Compulsive
Jun 10, 2013 9:52pm
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Noonies
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shopster
Jun 10, 2013 10:51pm
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more sellers than buyers.

no wait , more buyers than sellers.

s
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nelsatff
Jun 10, 2013 10:29pm
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Don't try to play middle of the battle. Stay relaxed..
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khol_hands
Jun 10, 2013 11:12pm
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Aso Said Japan Won’t Intervene in Market After Surge in Yen (range EJ 131-127) and see weekly chart bearish stil dominan with the buterfly harmonic!!!
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Grandhis
Jun 10, 2013 10:01pm
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Ej is falling down,
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bollythehobo
Jun 10, 2013 10:24pm
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Quoting Narnold1
just finished the report and I still didn't see anything that makes me understand why the USDollar index took a hit...

Likewise. Of course, it could be it profit taking in conjunction with shorts sells and head up. Nothing the BoJ said was unexpected, the move is interesting.
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Big Move
Jun 11, 2013 4:31am
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Yes I agree, at 92 though, I will have made enough to go & get a Tan for a couple of weeks. 92 conservative, I will probably close down here get my big payday & then get some more smaller gains later. Good Luck Buddy !!!
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Big Move
Jun 11, 2013 7:13am
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Look at the chart Guest (Daily) you say support(s) there is only one major support & that is 96. After that 92 is the next major which I am working to. I guess you are working to lesser timeframes which everybody knows are less significant. If you have the capital you could sit it out or if not close your position before you go bust.
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Azzmirul
Jun 10, 2013 10:35pm
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Quoting nelsatff
Don't try to play middle of the battle. Stay relaxed..
from now I need to learn how to be relaxed, peace ya..already middle of the battle..
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Azzmirul
Jun 10, 2013 11:26pm
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Wait for press conference
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lisahil
Jun 10, 2013 9:58pm
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what does this mean for E/J ?
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Narnold1
Jun 10, 2013 9:59pm
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not sure what happened but USD just took a hit dropped 30 pips in just a couple mins
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skyboys007
Jun 10, 2013 10:05pm
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Looking at USD/JPY chart I feel so fear cause anything could hapen in this market right today.
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skyboys007
Jun 10, 2013 10:06pm
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Quoting Narnold1
not sure what happened but USD just took a hit dropped 30 pips in just a couple mins
Not sure?
So go the sleep my dear.
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Narnold1
Jun 10, 2013 10:18pm
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just finished the report and I still didn't see anything that makes me understand why the USDollar index took a hit...
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Narnold1
Jun 10, 2013 10:23pm
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awesome thanks for explaining that
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IWBFMa
Jun 10, 2013 10:48pm
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SELL YEN! BUY USD/YEN!!!!
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DNTme
Jun 10, 2013 11:23pm
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buy and hold EJ up to 134
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eleste
Jun 11, 2013 12:22am
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EJ comes up from 94, Uj from 75 , Ej will go down arround 120, UJ 90
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Big Move
Jun 11, 2013 2:21am
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It is clear that the USD/JPY is heading for support at a level just above 92, before a move back above 100.
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Big Move
Jun 11, 2013 4:39am
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Further to my remarks, anybody seen the USD/JPY in last few hours???
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Trader#23AF
Jun 11, 2013 5:24am
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Just reading the comments on a thread like this, it is very easy to realize why 95% of all retail accounts go bust.

Most of you are guessing, hoping & wishing.

Please ask your friends to fund an acct as well
Reply
sonney227
Jun 11, 2013 6:04am
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This is a bullshit move down- market is angry because BOJ just said the same thing...
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kamran ejaz
Jun 11, 2013 7:13am
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You haven't mastered the art of reading the markets properly... this takes 1000s of hours of screen time.


Agreed.

The comments from all the senior traders is the mile stone
for the juniors.
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sonney227
Jun 11, 2013 7:46am
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Quoting bbakker
You haven't mastered the art of reading the markets properly... this takes 1000s of hours of screen time.

We'll see
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Trader#0AAE
Jun 10, 2013 9:57pm
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Future of yen?
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Trader#D8DA
Jun 10, 2013 10:02pm
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eur/jpy & all yen pairs will down trend because of the news,once again yen have strong ,but how long ?
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Trader#D0EA
Jun 10, 2013 10:11pm
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Why is the EUR/USD rising on this news?
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Trader#C34B
Jun 10, 2013 10:18pm
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People are buying JPY against USD, which put pressure on USD in other cross
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Trader#C013
Jun 10, 2013 10:25pm
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I've noticed the last 4 bad news events that have come out on the Aud its gone up first before coming down later.
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Trader#20D4
Jun 11, 2013 4:23am
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What do you mean? Will it really break all supports down to 92, eventhough 95 was a massive support?

If thats the case, Im screwed!
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Trader#AC23
Jun 11, 2013 6:25am
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look at your your monlthy charts of all JPY pairs and use the very simple forex analysis and see what does it tell you ?? gosh some people just love to complicate things
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Trader#640E
Jun 11, 2013 10:28am
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the simple reason that no-one gave a damn about Jap monetary policy at last G20 meeting:

http://finance.yahoo.com/blogs/breakout/currency-wars-stocks-win-weaker-yen-112428969.html?vp=1
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