BOJ Statement on Monetary Policy | Forex Factory

  • 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 an 8-1 majority vote, to set the following guideline for money market operations for the intermeeting period:[Note 1] The Bank of Japan will conduct money market operations so that the monetary base will increase at an annual pace of about 80 trillion yen. 2. With regard to the asset purchases, the Bank decided, by an 8-1 majority vote, to continue with the following guidelines:[Note 2] a) The Bank will purchase Japanese government bonds (JGBs) so that their amount outstanding will increase at an annual pace of about 80 ... (full story)

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Vermillion
Jan 20, 2015 10:08pm
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Quoting ranntoral
Shouldn't yen be weakening since they plan to increase monetary base?
1: We've had a massive jump in the geppy as bulls rushed in; this news isn't big enough to tip the odds in the bulls' favor, mostly because the overall news is "nothing new" and within expectation.

2: 180 is still a big support/resistance. The only way it would give way is if we had something unexpected. Considering that there was no corrective bounce within the past 24 hours following nearly a 300 pip rise, there was a definite chance for bears to take over. Many analysts didn't like entering around 180 (regardless of long or short) because it was a very iffy area to hedge bets.

I bet a short at 180.100 only because I expected a correction down to mid 179s by the time tokyo market opened (which it did). Also, corrections were not necessarily done yet. The correction would provide me with some protection aganst the initial bullish rise (in the event the bulls would win the result of the news impact), so I sided with the bears.

3: ECB still hasn't come yet. That's a massive news cockblock to overcome. That, and we still have the BOJ conference.
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Vermillion
Jan 20, 2015 10:14pm
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Quoting Smolikt17
why is yen strengthening on monetary stimulus?
Because everyone expected it, and market maker bulls already moved the yen up to a very significant resistance point. Refer to my previous post on this news article.

Buy the rumor/expectations, sell the fact/news.
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fx-trader777
Jan 20, 2015 9:38pm
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not big deal, Yen little up but overall trend will continue
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xdj3richo
Jan 20, 2015 9:52pm
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am gud on ej
making a profit
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thelostpip
Jan 20, 2015 9:38pm
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Not bad. kind of neutral with a positive outlook.
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thelostpip
Jan 20, 2015 9:43pm
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grabbing pips on EJ for sure
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ranntoral
Jan 20, 2015 10:02pm
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Shouldn't yen be weakening since they plan to increase monetary base?
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Smolikt17
Jan 20, 2015 10:09pm
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why is yen strengthening on monetary stimulus?
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Trader#05EB
Jan 20, 2015 10:44pm
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ECB still hasn't come yet. That's a massive news cockblock to overcome. That, and we still have the BOJ conference
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Trader#5CDE
Jan 20, 2015 11:10pm
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I don't see how you can prepare for this when the BOJ Refuses to announce a time when they will make an announcement/

Suppose the Fed did that, refuse to give a time when it makes an announcement?
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Trader#60F4
Jan 21, 2015 2:42am
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So JPY stimulus will have the same effect as ECB QE??? EUR seems also over-sold and already catered for the "QE" expectation?
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