BOJ Statement on Monetary Policy

That's true as it is stated in their policy statement but would that risk of further easing push the jpy down and usd up thus the UJ pair up and not down?

All central bank statements are. There is no change because there's really no change. Interesting report out of the BIS about the detriments of "forward guidance." The markets are solely focused on QE, any change from plan and it will throw a big tantrum.

Or perhaps the market is losing faith in the BoJ. Even given the massive QE, Japense growth, although growing, is stagnating a bit. And I think given where world equities are, the "safe haven" play will give the BoJ a fight.

Also, the BoJ buys like 75% of all new debt issued lol. We all love QE, makes us money, etc. But, at some point risks involved in infinite QE will have to be addressed.

Not saying that's whats in play now, but the environment changed from a year ago where just the mention of easing would pip USDJPY up 80 pips.

I believe so. Further easing was the whole story of these days...it was a big risk considering that US is currently tapering. However if China hard landing materialises USD, JPY are both up. Any hint at further easing during press conference in the next few mins may have some big impact.

Dont be lazy. Its not that long to read

It's pretty much a copy-and-paste document from 2 months ago, why the drop in UJ?

usdjpy target 104.10

hmm good jpy bad usd....sell usd/jpy

buy JPY

because there was a risk of further easing but they are keeping things as they were.

market would lose faith only if BOJ didn't stick to its plan.

No changes in policy as expected

BOJ's QE policy may mean more upward pressure in USDJPY by default, but still heavily dependent on what news come out of the US. So not much has really changed.

For now, friday's bar clearly defines the intraday trading range. A break out above or below it will be interesting.

just wait up for yen profit taking, it will bring the usdjpy to the lowest level, maybe about around 100/101, then will raise again until 103, 300pips, what's a big deal?
either eurjpy, gbpjpy, audjpy and all pairing yen will gap down about 200-400pips and raise again, short position sell, long position buy, it's that simple

Price hit that target, however, I was expecting to see more rejection by the end of the NY close. I'm thinking price is going to be pushed lower to hunt for stops before it goes back up. 102.40/30 perhaps.

anything yet

I guess not

BoJ is rarely a market moving event.

buy and buy
or buy and bye

just trad your charts don't trad news

if it breaches 103.26, i'm taking profits at 103.221 and stay on the sidelines from there.

I'm expecting price to retest 102.50 level before it goes higher.

The BOJ step will certainly boost yen against usd. Therefore, buying yen will be more ok.

i think all will fall, rezistence is break so try dont use news lost 300 dolars because this news and very clouse to loose them all, 4h chart is my friend now.

Looks like you were right @priceisright

stay long for usdjpy, target 105.00... kliwonz trader