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  • BOJ's Kuroda says economy continues to recover moderately

    From forexlive.com

    BOJ gov Kuroda's presser underway. I expect him to stick to the usual script for the initial delivery but the Q&A could be interesting this time. •exports and output affected by slowdown in EM economies •exports to gradually increase •Tankan report shows corp sentiment holding up overall •core CPI likely to hit 2% in latter half of FY2016 USDJPY just nudging back above 122.00 but nothing of note in the presser as yet •BOJ won't hesitate to adjust policy as appropriate

so where's the SELL SELL SELL YEN post now forexlive.com motherbuttseksers?!
can someone explain why the JPY goes strong after increase in stimulus programme? although it is so called "disappointing" but the truth is that Fed does increased rate, BOJ does increased asset purchasing programme, which means their economy is weak and need to be boosted. Why the USDJPY dropped that much? and Japanese stock market dropped lot as well. What is going on there? anyone? please
Much fukers on gbpjpy, they try destroy rezistence level on gbpjpy, but now will go much time up because level is to strong usdjpy high, eurojpy high remain only gbpjpy, BOE will make a intervention soon. Level wait to be help by them.
Wait guys all selers on gbpjpy will be eliminated soon.
Quoting Fortunecry
so where's the SELL SELL SELL YEN post now forexlive.com motherbuttseksers?!
I got burned by this too, I didn't bother reading the Mon Policy Statement (there's never enough time anyway), I trusted the news summary that said the EFT thing was significant and kept trying to get an entry short JPY. They also wrote that Bloomberg messed up the headline so the market response was late.

Never mind, win some, lose some...
Weekly chart, engulfing. Bullish trend has not been broken. At least not yet. Price stays within a bigger triangle. And hey, it's Friday, anything can happen. Assuming this week close higher than last week, there is possibility to move back up to 122.

Otherwise be prepare to see 118 and lower.
Quoting eozdural
I got burned by this too, I didn't bother reading the Mon Policy Statement (there's never enough time anyway), I trusted the news summary that said the EFT thing was significant and kept trying to get an entry short JPY. They also wrote that Bloomberg messed up the headline so the market response was late.

Never mind, win some, lose some...
Sorry to hear you got burned, yeah win some lose some, in my case I had a profitable short but i took out a few losing trades from ECB that netted in the negative. Andrew Button from Forexlive.com was the one who posted and deleted it subsequently. I already hired a voodoo witch, a hacker and a hitman for Andrew, contracts to mature in 5 years lol. Stay safe everyone.
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