BOJ Statement on Monetary Policy | Forex Factory

BOJ Statement on Monetary Policy | Forex Factory

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 an 8-1 majority 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 80 trillion yen. With regard to the asset purchases, the Bank decided by an 8-1 majority vote, to continue with the following guidelines. a) The Bank will purchase Japanese government bonds (JGBs) so the their amount outstanding will increase at an annual pace of about 80 trillion yen. With a view ... (full story)

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Sep 15, 2015 2:01am

It really annoys me that some people can't be bothered to read a clear 2-page statement from the BoJ......

So for those people here is a teaser:
"We're spending shed-loads of money to keep CPI at 0%"

"We hope we will eventually raise CPI to 2%"

"We are keeping an eye open in case all this money printing backfires"

Sounds hawkish to me!

Sep 15, 2015 5:10am

Quoting Exodus

Disliked

It really annoys me that some people can't be bothered to read a clear 2-page statement from the BoJ......

So for those people here is a teaser:
"We're spending shed-loads of money to keep CPI at 0%"

"We hope we will eventually raise CPI to 2%"

"We are keeping an eye open in case all this money printing backfires"

Sounds hawkish to me!

Ignored

Doesn't sound very hawkish to me! Maybe soft hawk. You want hawkish go to BOE or FED

Sep 16, 2015 6:51am

Quoting pumuckel

Disliked

Is it possible to earn USD 1'000.00 per day with trading. I have no experience, normally I trade with Vol. 4.5-6.0. I wanna make the quick Money... Is that possible? (USD 1000 per day)

Ignored

You ask the wrong question....

What you really want to ask is "can I make nn% per day"?

In which case the answer is novice traders cannot regularly make anything per day. Lucky novice traders end up broke because they don't understand why they have been lucky.

So after a couple of years experience, also recognizing that the bigger you set your sights the more you are likely to sustain a big loss, and always understanding that some events can completely catch you out (think SNB) here is my guess for values of nn:
0.5% - yes
1% - mostly yes
2% - mostly yes
5% - more often not than yes
10% - no, you might manage once a week
20% - no, you might manage once a week
50% - no, you might manage once a month

Anyone with a different view please chip in...

Sep 16, 2015 11:49am

Quoting pumuckel

Disliked

So if I trade with 50'000.00 I will make every day at least 1'000 USD???? :-))) ohh... wow... really??? without do nothing... great..! hihi... :-)) you said 2% yes...

Ignored

Stick with demo trading a while longer.

Don't quit your day job...

Sep 17, 2015 4:31am

Quoting AaronWard

Disliked

This seems quite high.

1% per day on a consistent basis works out to 1200% yoy
2% per day is 14100%yoy
5% per day is 19830000% yoy.

So a $1000 dollar account that produced 5% returns each and every day would be worth just about 2 hundred million dollars after 1 year. After 2 years it would be larger than the entire national debt of the US.

Ignored

Thank you for your input.

I agree with your assessment. I personally think making 0.5% per day is difficult but not impossible.

If you made that amount after two years ... would you repay the national debt for them?

I draw your attention to the 'mostly yes' phrase, which means 'sometimes no'.

Also I wrote this, "recognizing that the bigger you set your sights the more you are likely to sustain a big loss", and for me that happens often enough to make my returns rather feeble. In the year that I managed 67% growth that works out at 0.24% per day working 220 days per year. Of course it wasn't like that all the time, some days were up and some days were down.

I am not going to hit a 67% target this year.

Sep 17, 2015 5:52am

I can't decide if you are a troll or a wannabe, but on the basis that you might be interested in trading for serious reasons....

Quoting pumuckel

Disliked

... what are micro-lots?

Ignored

a misnomer for the size of a trade, derived as follows:
one standard lot $100k
one mini-lot $10k
one micro-lot $1k

Do not put all your money into an FX account, not ever.

Go here and do the whole school thing.

Choose a broker who will let you trade micro-lots (not all will do this), put in $500 and make trades of size one micro-lot. Do this for 6 months, longer if you cannot make a profit.

Read this, or at least a large part of it, to get more market insight.

When you stop having to put money into your FX account just to keep it alive you are ready to move up to trading more than one micro-lot. Do not leap up to trading a standard lot, move up to something smaller - 5 micro-lots or a couple of mini-lots perhaps. You will discover that when the amount of money you have in-trade becomes significant to you, your thinking will change and you will need to re-learn how to trade.

Good luck.

Sep 16, 2015 1:35pm

Quoting Exodus

Disliked

You ask the wrong question....

What you really want to ask is "can I make nn% per day"?

In which case the answer is novice traders cannot regularly make anything per day. Lucky novice traders end up broke because they don't understand why they have been lucky.

So after a couple of years experience, also recognizing that the bigger you set your sights the more you are likely to sustain a big loss, and always understanding that some events can completely catch you out (think SNB) here is my guess for values of nn:
0.5% - yes
1% - mostly...

Ignored

This seems quite high.

1% per day on a consistent basis works out to 1200% yoy
2% per day is 14100%yoy
5% per day is 19830000% yoy.

So a $1000 dollar account that produced 5% returns each and every day would be worth just about 2 hundred million dollars after 1 year. After 2 years it would be larger than the entire national debt of the US.

Sep 17, 2015 5:52pm — Edited

Quoting Exodus

Disliked

Thank you for your input.

I agree with your assessment. I personally think making 0.5% per day is difficult but not impossible.

If you made that amount after two years ... would you repay the national debt for them?

I draw your attention to the 'mostly yes' phrase, which means 'sometimes no'.

Also I wrote this, "recognizing that the bigger you set your sights the more you are likely to sustain a big loss", and for me that happens often enough to make my returns rather feeble. In the year that I managed 67% growth that works out...

Ignored

Nah. If I could make that much I would wait a couple years more and then buy the world...

Seriously, what you say has the ring of truth. I have made 10% in a day, but when all my wins and losses are averaged out it works out to just about .3%. I based my compounding on a 250 day year. 5 days a week and 50 weeks a year and all that. Then there is that unverified fact that 98% of forex traders lose money. If so, then the average profits should work out to a negative number.

Sep 14, 2015 10:25pm

BOJ leaves policy unchanged
http://news.forexlive.com/!/boj-leaves-policy-unchanged-20150915

Wait for 16Sep2015 : Monthly Report of Recent Economic and Financial Developments (September, Summary)
http://www.boj.or.jp/en/announcements/calendar/index.htm/

Sep 15, 2015 1:07am

BOJ just waiting to see what FED does. Nothing really here, not hawkish

Sep 15, 2015 7:14am

== looking for a better short entry

Sep 21, 2015 11:03am

1% today

...try not to lose it tomorrow

Sep 16, 2015 11:24am

nn? please, please explain me that!!!!! with vol. 5.0? 6.0?

I neve set a SL. Why? I just sit on the Laptop and wait to the wins... Is that a good strategy...?? :-)) No SL, NO TP. Just klick and take the win...

Sep 16, 2015 12:15pm

Exodus, no, I want NOW the success and the quick Money... I could take all my Money on the bank account and put in almost 50.000, Little less... I want to quit my Job... how Long you are a Trader? how Long you are now trading with demo-account? when you will have a 'normal' account?

what are micro-lots?

please answer me. It's so important. what do you think , how much Money makes a professional Trader with a deposit of 50.000?

Sep 16, 2015 12:23pm

Exodus, no, I want NOW the success and the quick Money... I could take all my Money on the bank account and put in almost 50.000, Little less... I want to quit my Job... how Long you are a Trader? how Long you are now trading with demo-account? when you will have a 'normal' account?

what are micro-lots?

please answer me. It's so important. what do you think , how much Money makes a professional Trader with a deposit of 50.000?

Sep 16, 2015 11:56am

Quoting Exodus

Disliked

Stick with demo trading a while longer.

Don't quit your day job...

Ignored

Agree, try demo account or very small live account doing micro lots.

Sep 15, 2015 12:27am

Quoting RealSoldier

Disliked

Hawkish??

Ignored

Yep that's right it is

for UJ, J, EJ - AJ maybe not

Sep 15, 2015 1:20am

Quoting Rtm

Disliked

BOJ just waiting to see what FED does. Nothing really here, not hawkish

Ignored

Maybe they waiting and this point is correct. But not agree with your dovish sentiment. Cause already USD/JPY down to 65 pips and GBP/JPY 94 pips and still continues.

Sep 15, 2015 1:09pm

Is it possible to earn USD 1'000.00 per day with trading. I have no experience, normally I trade with Vol. 4.5-6.0. I wanna make the quick Money... Is that possible? (USD 1000 per day)

Sep 16, 2015 11:24am

I never set a SL. Why? I just sit on the Laptop and wait to the wins... Is that a good strategy...?? :-)) No SL, No TP. Just klick and take the profit...

Sep 16, 2015 11:33am

So if I trade with 50'000.00 I will make every day at least 1'000 USD???? :-))) ohh... wow... really??? without do nothing... great..! hihi... :-)) you said 2% yes...

Sep 16, 2015 12:15pm

Exodus, you always set a SL and a TP? Is that necessary??

Sep 14, 2015 11:31pm

Hawkish??

Sep 15, 2015 12:46am

Quoting Guest

Disliked

you must be joking

Ignored

Why u thinking that, i am joking? Just asking for more clear sentiment. However thanks to you.

Trader#E89B

Sep 14, 2015 11:49pm

Quoting RealSoldier

Disliked

Hawkish??

Ignored

you must be joking

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Sep 14, 2015 10:08pm
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JN Monetary Policy Statement

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