BOJ Statement on Monetary Policy | Forex Factory

  • BOJ Statement on Monetary Policy

    From boj.or.jp Story is in PDF Format

    At the Monetary Policy Meeting held today, the policy board of the bank of japan decided to introduce "Quantitative and Qualitative Monetary Easing (QQE) with a "Negative Interest Rate" in order to achieve the price stability target of 2 percent at the earliest possible time. Going forward, the bank will pursue monetary easing by making full use of possible measures in terms of three dimensions, quantity, quality, and interest rate. (I) Interest-Rate Dimension: The introduction of a negative interest rate by a 5-4 majority vote. The Bank will apply a negative interest rate of minus 0.1 percent to current ... (full story)

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Rtm
Jan 29, 2016 6:19am
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Quoting bldmoons
Missed the timing badly, knew to manually buy GBPJPY, EURJPY, and USDJPY on M15 alerts but depended on my Ea algorithm which fails in fast action like today. Lost USD500 fast, will gain back but learned this lesson at the wrong time of month. Now goals are short. I 'm kicking my butt good, should have been a happy trader tonight in Alaska.
you knew in hindsight? rofl
who the fuck cares, move on.. there will be lots more opportunities.
Reply
Vermillion
Jan 28, 2016 9:49pm
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Quoting Greenstar
Good for you!
Sad thing was, I just stuck with my gut feeling. When you get rumours about the BOJ, with markets moving, and the BOJ announcement being late, it means something BIG is happening.

I just gambled on the rumor leaks to be true.
Reply
Greenstar
Jan 28, 2016 9:48pm
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Quoting Vermillion
FUCK YES! I just had 2 lots long in gbp/jpy. I just met my monthly goals in 1 fucking minute.

Thank you, BOJ. Thank you, Governor Kuroda. You just made my day.
Good for you!
Reply
Greenstar
Jan 28, 2016 9:57pm
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Quoting Vermillion
Sad thing was, I just stuck with my gut feeling. When you get rumours about the BOJ, with markets moving, and the BOJ announcement being late, it means something BIG is happening.

I just gambled on the rumor leaks to be true.
I JUST got home after the usual 13+ hour day, and saw what was going on in my account - yeah, we become better at following our instincts - super fun on a day like today that you were able to sit in front of the screen.
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OZTrader22
Jan 29, 2016 5:00am
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I just read the 7 page document. The central bank will not only charge negative rates to some holdings the banks have with the central bank, but if the retail banks decide to just sit on excess cash to avoid the negative interest rates, the central bank will also apply negative rates to the excess cash to force the retail banks to lend more money to the people. And this tempts more people to take on debt..

This is crazy and can only work for a short period of time. With declining population, forcing more debt down people's throats is making the eventual downturn worse
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Tony112
Jan 28, 2016 9:55pm
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bought USD|JPY
Reply
Aussi
Jan 29, 2016 12:40am
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Quoting clasgolf
Too all my millionaire friends above....How come you dont show us your TRADE EXPLORER ACCOUNTS and show how clever you were????????
bet you want a free ride
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Vermillion
Jan 28, 2016 9:41pm
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FUCK YES! I just had 2 lots long in gbp/jpy. I just met my monthly goals in 1 fucking minute.

Thank you, BOJ. Thank you, Governor Kuroda. You just made my day.
Reply
Pip Anon
Jan 28, 2016 10:18pm
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I'm sure all you gamblers out there are sitting yourself after this reversal. Oh, wait, got out right at the top?
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Pip Anon
Jan 28, 2016 10:45pm
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Quoting RealSoldier
Lets See
A trade is a trade. But this just upped the anti for further yuan devaluations which is net negative for risk. BoJ is getting desperate.
Reply
fx-trader777
Jan 28, 2016 10:17pm
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Quoting lietuve
Range breakout strategy got me in. Very happy about it!

Whats your range break out strategy?
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fx-trader777
Jan 28, 2016 10:23pm
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Going short JPY on reversal there should be further reactions

Especially crosses should go through the roof
Reply
fx-trader777
Jan 28, 2016 10:48pm
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Quoting RealSoldier
I don't think so
So far there is i traded only 100k on Gbpjpy and audjpy 40pips up but tomorrow it should go 150 pips at least
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roger44
Jan 29, 2016 6:02am
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In order that the Japan government (and also BOJ) can swap their USD and YEN for another time in such a short time to earn more (so frequently).
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tomiko
Jan 28, 2016 10:04pm
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300 pips in one minute on GJ. yummy.. uenak tenan wkwkwk
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tomiko
Jan 28, 2016 10:08pm
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Quoting tomiko
300 pips in one minute on GJ. yummy.. uenak tenan wkwkwk
and 100 pips more in the next couple of mins. kwakwakwak ediaannn.. eroh ngono lot gaban wkwkwk
Reply
hapoy
Jan 29, 2016 1:56am
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Quoting RealSoldier
It is your brave step bro, but generally I like to watch everything from sideline when storm incoming. And now I entered the market and going to eat another 100 pips.
good for you, same as me, after the storm, i entered and get 150pips
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lietuve
Jan 28, 2016 10:05pm
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Range breakout strategy got me in. Very happy about it!

Reply
Bd888
Jan 28, 2016 10:33pm
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2 of my entry hit TP at USDJPY at 121.20 and EURJPY at 132.10 in less than 4 hours! What a lovely day!
Reply
clasgolf
Jan 29, 2016 12:22am
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Too all my millionaire friends above....How come you dont show us your TRADE EXPLORER ACCOUNTS and show how clever you were????????
Reply
clasgolf
Jan 29, 2016 1:43am
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Typical Aussie
Reply
RealSoldier
Jan 28, 2016 9:59pm
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Quoting Vermillion
Sad thing was, I just stuck with my gut feeling. When you get rumours about the BOJ, with markets moving, and the BOJ announcement being late, it means something BIG is happening.

I just gambled on the rumor leaks to be true.
It is your brave step bro, but generally I like to watch everything from sideline when storm incoming. And now I entered the market and going to eat another 100 pips.
Reply
RealSoldier
Jan 28, 2016 10:47pm
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Quoting Pip Anon
A trade is a trade. But this just upped the anti for further yuan devaluations which is net negative for risk. BoJ is getting desperate.
It is true that A trade is a trade. But honestly I don't believe for reversal at this time
Reply
RealSoldier
Jan 28, 2016 11:23pm
Permalink
Quoting fx-trader777
So far there is i traded only 100k on Gbpjpy and audjpy 40pips up but tomorrow it should go 150 pips at least
Yes Yesterday I also got almost 200 pips from GBP/JPY. And also I think today selling JPY is the best option
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ThunderHeart
Jan 29, 2016 1:33am
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Quoting Vermillion
FUCK YES! I just had 2 lots long in gbp/jpy. I just met my monthly goals in 1 fucking minute.

Thank you, BOJ. Thank you, Governor Kuroda. You just made my day.
The sounds from a true gambler!
Reply
RealSoldier
Jan 29, 2016 1:58am
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Quoting hapoy
(clap)
Quoting rhari139
Long USD/JPY when market news released, grab 200 pips.
Went Short in turnover, grab 200 pips. 400 pips in 45 minutes.
What a day!!! Shutdown my computer.
:-)
Wise decision with shutdown your computer
Reply
bldmoons
Jan 29, 2016 3:46am
Permalink
Missed the timing badly, knew to manually buy GBPJPY, EURJPY, and USDJPY on M15 alerts but depended on my Ea algorithm which fails in fast action like today. Lost USD500 fast, will gain back but learned this lesson at the wrong time of month. Now goals are short. I 'm kicking my butt good, should have been a happy trader tonight in Alaska.
Reply
ThunderHeart
Jan 29, 2016 4:26am
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This all can turn around in a heart beat, as the fall in Oil Prices, along with more negative news from China has demonstrated. It remains to be seen, however with Japan's surprise announcement today, nothing is a sure thing. Look for even more volatility in the days and weeks to come. Enjoy it while it lasts!
Reply
hapoy
Jan 29, 2016 1:56am
Permalink
Quoting rhari139
Long USD/JPY when market news released, grab 200 pips.
Went Short in turnover, grab 200 pips. 400 pips in 45 minutes.
What a day!!! Shutdown my computer.
:-)
(clap)
Reply
rhari139
Jan 29, 2016 1:44am
Permalink
Long USD/JPY when market news released, grab 200 pips.
Went Short in turnover, grab 200 pips. 400 pips in 45 minutes.
What a day!!! Shutdown my computer.
:-)
Reply
CoolJL
Jan 28, 2016 9:47pm
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It's one of those moments in trading where you are either crying or laughing. 300pips in USDJPY in couple of minutes!
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kyose
Jan 28, 2016 10:04pm
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toast mate
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RealSoldier
Jan 28, 2016 10:28pm
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Quoting Tony112
bought USD|JPY
Me too
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RealSoldier
Jan 28, 2016 10:29pm
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Quoting Pip Anon
I'm sure all you gamblers out there are sitting yourself after this reversal. Oh, wait, got out right at the top?
Lets See
Reply
RealSoldier
Jan 28, 2016 10:31pm
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Quoting fx-trader777
Going short JPY on reversal there should be further reactions

Especially crosses should go through the roof
I don't think so
Reply
RealSoldier
Jan 28, 2016 10:37pm
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Quoting Bd888
2 of my entry hit TP at USDJPY at 121.20 and EURJPY at 132.10 in less than 4 hours! What a lovely day!
Of course this is a lovely day for jpy traders
Reply
RealSoldier
Jan 29, 2016 12:47am
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For you @ clasgolf

http://www.myfxbook.com/members/RealSoldier/last-test-before-live/1450287
Reply
RealSoldier
Jan 29, 2016 1:57am
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Quoting hapoy
good for you, same as me, after the storm, i entered and get 150pips
This is the way of trading. Good Luck
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Michealliew
Jan 29, 2016 3:43am
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wuhuuu more QE more cheap money... More debts....
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Trader#E100
Jan 28, 2016 9:44pm
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well done mate, drinks on thee ?
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Trader#B7A0
Jan 28, 2016 9:48pm
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China's gonna love that
Reply
Trader#CACE
Jan 28, 2016 10:21pm
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Quoting Pip Anon
I'm sure all you gamblers out there are sitting yourself after this reversal. Oh, wait, got out right at the top?
jajaja You're God damn right.
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Trader#DAA8
Jan 28, 2016 11:10pm
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Only reading the good news! Where are the other 2 thirds? Winners, losers and sideliners!
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Trader#E641
Jan 29, 2016 12:02am
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I took it on the rebound ..and put in martingale trade and closed out hugely positive
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Trader#2940
Jan 29, 2016 1:33am
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And the next mass pickpocketing is on.
They don't even bother to mention what all these newly printed Yens should be invested in.
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Trader#098D
Jan 29, 2016 5:43am
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Run deficits, let the central banks buy the bonds (delete the debt). LOL
Reply

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