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  • BoJ leaves forward guidance for policy rates unchanged. To review the economy, prices at the next meeting -BBG

    Bank of Japan leaves forward guidance for policy rates unchanged. To review the economy, prices at the next meeting -BBG

    — DailyFX Team Live (@DailyFXTeam) September 19, 2019
Added at 10:58pm
  • - BoJ Keeps Mon Pol Steady
    - Maintains Short-Term Interest Rate Target At -0.1%
    - Maintains 10Yr JGB Yield Target Around 0%
    - Leaves Unchanged Forward Guidance On Interest Rates, Will Keep Current Extremely Low Rates For Extended Period Of Time, At Least Through Spring 2020

    — LiveSquawk (@LiveSquawk) September 19, 2019
Added at 10:59pm
  • - BoJ: Paying Closer Attention To Risk Of Losing 2% Goal Momentum
    - Won't Hesitate To Add Stimulus If Risks Rise
    - To Review Economy, Prices At Next Meeting

    — LiveSquawk (@LiveSquawk) September 19, 2019
Added at 10:59pm
  • - BoJ: Paying Closer Attention To Risk Of Losing 2% Goal Momentum
    - Won't Hesitate To Add Stimulus If Risks Rise
    - To Review Economy, Prices At Next Meeting

    — LiveSquawk (@LiveSquawk) September 19, 2019
Added at 11:04pm
  • Statement on Monetary Policy

    From boj.or.jp Story is in PDF Format

    At the Monetary Policy Meeting (MPM) held today, the Policy Board of the Bank of Japan decided upon the following. (1) Yield curve control The Bank decided, by an 7-2 majority vote, to set the following guideline for market operations for the intermeeting period. The short-term policy interest rate: The Bank will apply a negative interest rate of minus 0.1 percent to the Policy-Rate Balances in current accounts held by financial institutions at the Bank. The long-term interest rate: The Bank will purchase Japanese government bonds (JGBs) so that 10-year JGB yields will remain at around zero percent. While doing so, ... (full story)

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  • Comment #1
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  • Sep 18, 2019 10:56pm Sep 18, 2019 10:56pm
  •  HengkiTjen
  • | Joined May 2018 | Status: Member | 36 Comments
I don't care what they said
But I'm already long USDJPY
 
2
  • Comment #2
  • Quote
  • Sep 18, 2019 11:08pm Sep 18, 2019 11:08pm
  •  corpo30
  • | Membership Revoked | Joined Nov 2009 | 15 Comments
Short USD/JPY now at 108.1 and target 107
 
2
  • Comment #3
  • Quote
  • Sep 18, 2019 11:09pm Sep 18, 2019 11:09pm
  •  corpo30
  • | Membership Revoked | Joined Nov 2009 | 15 Comments
Target 38.2% of whole swing up on daily time-frame.

Fundamentals: Recent bulls in USD/JPY was caused because US/China trade war tensions have recently been faded away a little. US and China have spoken to ease tariff war on export import between the two countries and are going to hold talks in October.
However, nothing concrete from US has been done yet, although China recently has exempted some goods from tariff increment.
Even if China and US are going to give a very positive outcome in October's meeting. JPY has enough room till then to retrace because bullish sentiment has already been priced in.

Note: JPY being a safe heaven currency, gains because of rise in global tensions or chaos like US-China trade war. For example, recent attack on Saudi Oil Facilities is a global tension and JPY gained immediately. All JPY pairs opened way below their Friday's close.
Besides these factors, Let's look at analysis of Danske Bank:
BoJ On Hold Next Week; USD/JPY Still Likely To Decline Into 105 Before Year-End
"We expect the BoJ to keep its ‘QQE with yield curve control’ policy unchanged at the next monetary policy meeting ending on Thursday, 19 September. We remain rather cautious of such pricing and expect USD/JPY will continue to stay in a downward drift. We target 105 in 3M and still see substantial potential for going below that target," Danske says.
Nevertheless, we are not targeting 105.000 in USD/JPY unlike Danske.
 
 
  • Comment #4
  • Quote
  • Sep 18, 2019 11:13pm Sep 18, 2019 11:13pm
  •  raklian
  • | Joined May 2017 | Status: Member | 649 Comments | Online Now
I think the market makers are nudging USDJPY below 108.00 to trigger all those stops.
"You are removed from here." - Davit
 
1
  • Comment #5
  • Quote
  • Sep 18, 2019 11:21pm Sep 18, 2019 11:21pm
  •  Cazz
  • | Joined Apr 2019 | Status: Member | 2 Comments
Whenever the governments talk, I stay away and wait until all dust settles.
 
2
  • Comment #6
  • Quote
  • Sep 19, 2019 2:44am Sep 19, 2019 2:44am
  •  AnniLi
  • | Commercial Member | Joined Jan 2015 | 2212 Comments
I think you mean your partner, Cazz.
Definitely long USD while global economy has a cold not pneumonia.
Trump increasingly irrelevant, like a broken rocking horse.
 
 
  • Comment #7
  • Quote
  • Sep 19, 2019 6:11am Sep 19, 2019 6:11am
  •  DaJoWaBa
  • Joined Sep 2018 | Status: Member | 586 Comments | Online Now
Can anyone explain why it is that one can never know exactly when BOJ Gov. Kuroda is ACTUALLY going to open his mouth in a Press Conference, post-Monetary Policy Statement release, so that one can avoid the instant senseless trampolining. He rarely seems to follow the half-hearted advertised times.

What is the best way to watch the conference LIVE?
 
 
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  • Story Stats
  • Posted: Sep 18, 2019 10:54pm
  • Submitted by:
     Newsstand
    Category: High Impact Breaking News
    Comments: 7  /  Views: 7,442
  • Linked events:
    JPY BOJ Policy Rate
    JPY Monetary Policy Statement
    JPY BOJ Press Conference
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