BOJ Statement on Monetary Policy

BOJ Statement on Monetary Policy

From or.jp

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 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 purchases, the Bank will continue with the following guidelines: a) 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 of the ... (full story)

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Feb 18, 2014 3:12am

Quoting PipinTom

Disliked

this is really same old news for the yen... I do not expect anything to change significantly.

USD/JPY hit the important area (101.70) so I am short.

Ignored

102.70, shirley.

Gilamonster

Feb 17, 2014 9:57pm

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Quoting pixcopeforex

Disliked

But positive or negative

Ignored

This is positive for the USD/JPY pair because the BOJ wants to devalue their local currency.

Remember their demographics are based on exports from Japan.

Japan imports most of its goods too. Even the ones it sales back to the world.

Hope this helped.

I recommend that if you do not understand fundamentally what is going ton to not trade during high impact news times. I had to do this way back when.

Stick to your charts strongest setups.

Exodus

Feb 18, 2014 1:30am

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Quoting Halba

Disliked

7trillion yen loan is not a lot of money.

Ignored

It is for Japan, for the USA it is one month's QE effort (at the moment).

Feb 17, 2014 9:37pm

Big impact

Feb 17, 2014 11:04pm

Once Again they proven the YEN is a weaken currency, Every BOJ monetary Policy Meeting the they weaken the Yen ,year by year ,so during that time capture the move Advancely !

k3nshinz3139

Feb 17, 2014 9:47pm

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To double the size of funds provided under loan schemes targeting growth sectors, cheap lending to banks that boost lending (expanded to 7tln yen)

Will continue rise for UJ

reizamv

Feb 18, 2014 1:33am

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BOE BOJ and BOC this is good time to trade

Senyor

Feb 18, 2014 12:02am

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Flight to Quality
Long EURO
Long USD
Long GOLD is up so Mining Companies
Golmansachs and Macquarie are back in Emerging Markets
Philippines is in a BULL RUN
India Reversal Accumulate

dinksy

Feb 17, 2014 9:38pm

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Jpy moment is really awesome!!!

dinksy

Feb 17, 2014 9:41pm

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Damn!!! 70 pips in the kitty and still going.....awesome!!!!

Halba

Feb 17, 2014 10:25pm

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7trillion yen loan is not a lot of money.

Halba

Feb 17, 2014 10:36pm

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Quoting Guest

Disliked

I guess the markets just like the word "trillion"

Ignored

yen. yen is a worthless currency.

Halba

Feb 17, 2014 11:25pm

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all gone now. this pair has gone parabolic.

pixcopeforex

Feb 17, 2014 9:38pm

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But positive or negative

Feb 17, 2014 9:38pm

damn....i miss it.

Feb 17, 2014 9:39pm

more stimulus is on the table?

dpkfx7

Feb 17, 2014 10:18pm

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Today also gbp news after press release. so what you thinks guys, it is touch todayv172 ?

veryspecial1

Feb 17, 2014 10:23pm

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Awww I'm on the sideline looking what happens next

tmw61165

Feb 17, 2014 10:25pm

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wished I were on the sideline, so sad. oh well, next trade.

PipinTom

Feb 18, 2014 2:13am — Edited

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this is really same old news for the yen... I do not expect anything to change significantly.

USD/JPY hit the important area (102.70) so I am short.

Rford

Feb 18, 2014 4:47am

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BOJ's long term broader policy depreciates Yen

Feb 18, 2014 6:13am

Sell UJ after impact

Feb 18, 2014 11:32pm

Quoting Exodus

Disliked

102.70, shirley.

Ignored

yes...sorry!

Trader#53A4

Feb 17, 2014 9:39pm

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Not surprised at all by this. The money printing presses must continue running at full bore. The Yen is now like a shark, if it stops swimming it will run out of oxygen and die!