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  • BOJ’s Kuroda says BOJ stance is to do whatever it takes to beat deflation

    From forexlive.com

    USD/JPY thought Mr Kuroda was tucked up in bed with a hot cocoa and promptly does a little 28 pip jig. Down to 97.04 then up to 97.32. Japan’s economic improvement is steadily proceeding, seeing signs of positive cycle of output, income and spending Sales tax hike won’t derail economic recovery or hamper 2% inflation target Delaying steps to restore Japan’s fiscal health may create problems in future

is it because of this gold go up?
BOJ Kuroda statement is favour for Euro & USD ,because Yen Once again weaken ? see EJ & GJ & UJ
either the investors don't believe he is capable of anything else that already did to weaken the yen ( with poor results) either most of them are in holiday and there is not enough money to move the market. My hint is there is a mix of both
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the last time "whatever it takes" made more than 2000 pips,for the next 6 month...109 is possible..IF BOJ serious on what they said...
Nice, beautiful JPY (japan). may be i will travel to japan
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Quoting arenoosh
either the investors don't believe he is capable of anything else that already did to weaken the yen ( with poor results) either most of them are in holiday and there is not enough money to move the market. My hint is there is a mix of both
weakening currency is easier than to keep it strong..., see the franc chart...1.2 floor...
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btw, now we have two "whatever it takes" first Mr. Abe...now Mr. Kuroda...combine them both...you'll be amazed...
Quoting Guest
the last time "whatever it takes" made more than 2000 pips,for the next 6 month...109 is possible..IF BOJ serious on what they said...
hahaha plolitics only talk, they cannot pay higher yelds from bonds, they talk about inflation. All import + comodity energies more expensive now. So many margin spekulants in usd/jpy and Nikei. The leave and we se big drop. It is begin, i think this week usd/jpy touch 94 Nikei 12500
does that mean usd/jpy will be back to 100 and maybe more ?
[quote=Foxikus;6906166]hahaha plolitics only talk, they cannot pay higher yelds from bonds, they talk about inflation. All import + comodity energies more expensive now. So many margin spekulants in usd/jpy and Nikei. The leave and we se big drop. It is begin, i think this week usd/jpy touch 94 Nikei


Agreed..... the reason is in the link below.

http://www.zerohedge.com/news/2013-0...hy-jpy-surging
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  • Story Stats
  • Posted: Aug 20, 2013 8:23am
  • Submitted by:
     Newsstand
    Category: High Impact Breaking News
    Comments: 10  /  Views: 4,389