BOJ Statement on Monetary Policy

Actually, I am thinking about the case of continously weaken YEN and that would be the prices these 3 pairs touch at the same time... But I'm not Kuroda... As we've been knowning about Abe's words a few days ago for his plan of 50tr Yen in Stimulus monthly drew up on Dec but BOJ rejected it and postponed till 2Q 2014 (Maybe April) So it would let Yen keep weakening again....

Indeed "short n medium term"

Thanks for that Kevin. I believe a weaker JPY is what Abe wants. I think the question is: whether JPY will become the safer haven (given U.S.) versus Abe's machinations. JPY strengthened across the board last night, but this downward move seems to have hit rock today.

Almost like a (reverse motion) tug-of-war between Japan and U.S.

A resumption of the trend, perhaps?

6 more months of yen strength to come

no change.. Same words

7 mains reason (Just based from observation.Trade at your own risk)
1.Its on key Support lvls 1Day all the way down to 30Mins... even the 15mins
2. Its oversold H4-M30 charts
3. There is Divergence on the MACD 30Min ,1hr
4 . There was low vol activity at the new low H1 -M30
5. Price is away from the 200 SMA. Need to touch it H1 -M30 at least
6. Price touch the Down trend line Supports so its retracing
7. A couple Bullish engulfing candle on support(very nice confirmation) M30 chart.A couple Pin bars & Spinning top candle on support(very nice confirmation) H1 chart


All these main reason are what Technical are seeing right now.
Its Possible that the PA is in retracement mode or can develop into a new up trend. But it doesn't matter to technical traders . But hey dont listen to me im just a noob Im still learning . it still very possible for price to go down on the Yen Maintained Pace of bond buying new release .And same goes for other yen crosses but u need to consider that & have a plain of action for that trend opposite your trade position.




Yes that's about right. UJ been good this week for me. as a matter of fact the YEN pairs been good a few month thus far.

positive

How?

Same Words and Kuroda will make x/J go UP again.

My technical: EJ 133 UJ 97.6x - 7x GJ 157.8x - 9x Let's wait.

what will be the real position of gold.....

http://www.forexlive.com/blog/2013/10/04/heres-one-for-the-technical-anlysts-where-to-for-gold/

comment are welcome.

Kevin, could you please possibly elaborate on your formula? looks very interesting.

wow
nice statement

Yeah go morth! Yihaaa

Go north*

it can be 99 you mean?

yes i think JPY become weaker against any currency

Kuroda is trying to make JPY weak again, but big boys seem to be out of stage at this moment. May be coming.

This report is giving another chance to BOJ to print more money again.

Please remember about expectation effect, the yen was weaken greatly because of the stimulus effect and ALSO expectation that BOJ will continue to provide greatly stimulus, however when the expectation was not aligned with the news, even is the news shows that the yen will further weaken, I believe yen will be stronger at least in short and medium term.

absolutely right you are yen is become more stronger at-least next week

When is the BOJ conference?

Yen under a daily trend line against the USD, EUR and GBP - I would wait until it closes above that line before going long. I am waiting for it to hit 96.0 against the USD and wait and see if it bounces or closes below that line of resistance.

I think After BOJ conference All yen pairs will fly UP word.... This is my view only.

Can we expect EJ to cross 134 today or next week?