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  • 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 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. 2. 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 ... (full story)

No surprise...
time to sell Yen?
likely, priced in to market.
"The market can remain irrational longer than you can remain solvent"
LONG EURJPY
Quoting md_wins
LONG EURJPY
WHY?
for EURJPY-- already hit the uptrend-line
buy YEN
kiss the trend
And the Yen pairs went UP :-)

Know The Fundamentals, laddies !!
A couple of things to think about when considering a trade in the USD/JPY pair:

1. The pair established a resistance point at approx. 105.48 on Jan 2 / 2014
2. On April 4 of this year the pair barely broke 104.00 - the USD has basically been declining since
3. Yesterday NY Times reported China is trying to freeze Japan out of the Western Pacific Naval Symposium (WPNS). On the surface it doesn't seem like a big deal. However, the US will refuse to participate as long as China maintains an exclusionary policy
4. Japan recently increases taxes on consumer goods

Instability will continue for the foreseeable future. Although the U.S is unlikely to provide military if the dispute over the islands escalates. I suppose that's stable, or bright side, of things.

Happy trading!
Quoting md_wins
LONG EURJPY
ALWAYS...
  •  Guest
  • | IP XXX.XXX.211.174
Fibo fits uptrend
Quoting Taffy
And the Yen pairs went UP :-)

Know The Fundamentals, laddies !!
GBPJPY sure didn't. BOJ not easing yet, no reason to sell I think. IMO what is happening is equities will keep the yen somewhat elevated.
When the facts change I change my mind, what do you do sir
How bout that yen lol
When the facts change I change my mind, what do you do sir
BUY YEN
Quoting saeeeed
BUY JPY
When the facts change I change my mind, what do you do sir
Love the comments chaps:

I'm thinking it will be good to buy the YEN
long EJ is short yen lololol ....please SHORT EJ lololol




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 Bank's JGB purchases will be about seven year
sell or seal
lol guys please sell yen..hahahhaa donate to me
sp500 target 1815

----------------------------
beat 1813.63
waiting for PA to go long on USD/JPY
Quoting richtrader
waiting for PA to go long on USD/JPY
buy bonds = interest rates down , 50 trillion yen , thanks
Quoting tankokjian
buy bonds = interest rates down , 50 trillion yen , thanks
you mean it's better to sell usd/jpy?
Told ya, buy that yen.
When the facts change I change my mind, what do you do sir
  •  Guest
  • | IP XXX.XXX.220.73
already bought Yen since 1st of April because I know that when the sales tax effective
Quoting Guest
already bought Yen since 1st of April because I know that when the sales tax effective
Smart, still holding USDJPY target 99.75..
When the facts change I change my mind, what do you do sir
Why are so many here been saying all this time to buy the yen and buy the eur/jpy?? Hasn't anyone noticed they both have dramatically proceeded to drop after the BOJ statement came out? Didn't all you people that said "buy the yen" realize that the news of the BOJ statement would cause the yen to drop?
"Dream big and dare to fail." - Norman Vaughan
Yen short squeeze... big surprise
Quoting Ace_1
Why are so many here been saying all this time to buy the yen and buy the eur/jpy?? Hasn't anyone noticed they both have dramatically proceeded to drop after the BOJ statement came out? Didn't all you people that said "buy the yen" realize that the news of the BOJ statement would cause the yen to drop?
What are you talking about? Yen futures were up after the statement and up over 1% today.

Furthermore, buying yen and EURJPY is counterproductive. Traders that bought the yen going into the BoJ statement are up big today.

Profitable traders don't pay attention to kneejerks after data releases.
When the facts change I change my mind, what do you do sir
Pip Anon, YES WE ARE UP TODAY. It's been a GREAT day trading the GBPJPY.
Quoting Pip Anon
What are you talking about? Yen futures were up after the statement and up over 1% today.

Furthermore, buying yen and EURJPY is counterproductive. Traders that bought the yen going into the BoJ statement are up big today.

Profitable traders don't pay attention to kneejerks after data releases.
To me pip Anon is one of the few smartest traders in Forex Factory.
Keep it up mate.....
Quoting cppolybd
To me pip Anon is one of the few smartest traders in Forex Factory.
Keep it up mate.....
Thank you for the kind words
When the facts change I change my mind, what do you do sir
Quoting Pip Anon
What are you talking about? Yen futures were up after the statement and up over 1% today.

Furthermore, buying yen and EURJPY is counterproductive. Traders that bought the yen going into the BoJ statement are up big today.

What am I talking about?? Did you not check your forex chart and see that the usd/jpy dropped more than 150 pips today due to the BOJ Statement? In case you didn't know, many people call the usd/jpy by the name of "the Yen". Thus, the Yen had dropped - at one point - more than 150 pips today.

Stick with me kid and you might learn something.
"Dream big and dare to fail." - Norman Vaughan
Quoting Ace_1
What am I talking about?? Did you not check your forex chart and see that the usd/jpy dropped more than 150 pips today due to the BOJ Statement? In case you didn't know, many people call the usd/jpy by the name of "the Yen". Thus, the Yen had dropped - at one point - more than 150 pips today.

Stick with me kid and you might learn something.
Are you retarded? USDJPY decline is short dollar, long yen, hence BUY YEN. The YEN GAINED, the DOLLAR LOST.

"Stick with me kid and you might learn something," Christ I almost fell off my seat.

By that comment, and that alone, you do not trade.
When the facts change I change my mind, what do you do sir
I'm just telling you I've heard several people call the usd/jpy by the name of "the Yen". Whenever the usd/jpy goes up, they say, "the Yen went up". And whenever it drops, they say "the Yen dropped." Therefore, by THAT standard, the Yen dropped more than 150 pips after the BOJ statement.

That is why someone named "iwishtowin" posted a message in the 2nd post of this thread in which he asked: "time to sell Yen?". He knew the BOJ statement would obviously cause the Yen to drop and therefore he knew it was "time to sell the Yen" as he said.

However, if you choose to say the Yen went up, then that is your choice. Just be glad of the fact that you can learn something everyday. ha-ha.
"Dream big and dare to fail." - Norman Vaughan
So, do you normally pass off misinformation and then "Stick with me kid and you might learn something" often?

I learned, today, that your ignorant and well... I do learn everyday, which is why I can tell you're full of it.

I don't choose to say the yen went up, the bloody feckin' market did. Christ.

And if you look at "iwishtowin" they said "time to sell Yen?" No reference to USDJPY. If you sold yen, you'd BUY USDJPY.

People assumed the BoJ would increase QE and they didn't yen went up.
When the facts change I change my mind, what do you do sir
Quoting Pip Anon
And if you look at "iwishtowin" they said "time to sell Yen?" No reference to USDJPY. If you sold yen, you'd BUY USDJPY.
Again, as I pointed out, there are people that DO call the usd/jpy be the name of "the Yen". Maybe 'iwishtowin' is one of those people. In fact, there is nothing at all to show that he believed the usd/jpy was going up ... other than your own guess of what he was thinking. As I said, many people call the usd/jpy "the Yen". In the instance that happened yesterday, they would've said: "The Yen is going down." And that is what I also said ... that the Yen is going down.

If you have an issue with calling the usd/jpy by the name of 'the Yen", then talk to those many others that call the usd/jpy by that name.
"Dream big and dare to fail." - Norman Vaughan
Quoting Ace_1
Again, as I pointed out, there are people that DO call the usd/jpy be the name of "the Yen". Maybe 'iwishtowin' is one of those people. In fact, there is nothing at all to show that he believed the usd/jpy was going up ... other than your own guess of what he was thinking. As I said, many people call the usd/jpy "the Yen". In the instance that happened yesterday, they would've said: "The Yen is going down." And that is what I also said ... that the Yen is going down.

If you have an issue with calling the usd/jpy by the name of 'the Yen", then...
Lol ok, whatever.
When the facts change I change my mind, what do you do sir
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