BoJ Rate Decision and Fukui speaks at 1:30 EST | Forex Factory

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BoJ Rate Decision and Fukui speaks at 1:30 EST

  • #1
  • First Post: Feb 15, 2007 8:24pm Feb 15, 2007 8:24pm
There is a 50/50 chance the rates going up next Wednesday..
Anyone know when it usually is released? I assume they don't publish a time so they can release it when they are darn well ready to, but any guesses as to when?
  • #2
  • Edited 6:58am Feb 16, 2007 5:21am | Edited 6:58am
Seeing that the GDP is very JPY possitve and seeing how USDJPY, EURJPY and GBPJPY dropped significantly after the G7 meeting, a JPY Rate Hike is being priced in.

My call is simple:

Place a BUYSTOP. If JPY failed to raise rates, expect these to shoot up.
  • #3
  • Feb 19, 2007 2:16pm Feb 19, 2007 2:16pm
Back to my time question, I did find this page for anyone who wants to have a vague idea about when they will announce their decision:

http://www.boj.or.jp/en/theme/seisaku/kettei/index.htm
  • #4
  • Feb 19, 2007 3:50pm Feb 19, 2007 3:50pm
Quoting benajnim
Back to my time question, I did find this page for anyone who wants to have a vague idea about when they will announce their decision:

http://www.boj.or.jp/en/theme/seisaku/kettei/index.htm
Right , dont know when or where to place the Buy stop is the problem.....
Ghost Swoopen in for my pips while no one is lookin !!
  • #5
  • Feb 19, 2007 4:03pm Feb 19, 2007 4:03pm
It is all manupulated..BOJ did not had stats to raise rates last time around due to gover. pressuree, so they made sure that the GDP figure this time will be more than anything for them to raise the rates now.

Fukoi looks very happy now as he is being wanting to raise rates since he took over..he has a free hand now and no govern. pressure but the thing is the fall has already being measured yet anything for 300 PIPS will be good

All central banks are in this together.phony money, fraud stats..yet infaltion is out of their hands and one bank will follow with the other..else how will they have free hand in printing press and govern the people.

expect the rate to go up market to fall down..ELSE..its better to place the buystop..yeah im not going to trade the news again..burned a lot before
  • #6
  • Feb 19, 2007 4:17pm Feb 19, 2007 4:17pm
So you think raising rates will weaken the Yen?
  • #7
  • Feb 19, 2007 4:25pm Feb 19, 2007 4:25pm
Quoting benajnim
So you think raising rates will weaken the Yen?
Multiple Choice:
0.50% is much HIGHER/LOWER than 5.25%.
  • #8
  • Edited 11:35pm Feb 19, 2007 11:14pm | Edited 11:35pm
Its been almost 10 minutes since the decision (of no hike) was announced, yet TTN hasnt reported the news.

No movement on GBPJPY, USDJPY, EURJPY was seen immediately after the announcement too.

BTW.. ForexMuse was faster by 100~150ms than RSS on this news release..(on a demo account of course as I am not trading this piece of news)



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Interesting... how come TTN hasnt made any report of this news? Is the JPY Rate Hike for today? And did those two autoclicks received false news feeds?
  • #9
  • Feb 19, 2007 11:18pm Feb 19, 2007 11:18pm
Quoting BurgerKing
Its been almost 10 minutes since the decision (of no hike) was announced, yet TTN hasnt reported the news.

No movement on GBPJPY, USDJPY, EURJPY was seen immediately after the announcement too.
Ummm... I think your a day early.
  • #10
  • Feb 19, 2007 11:53pm Feb 19, 2007 11:53pm
Quoting Darkstar
Ummm... I think your a day early.
I think so too.. those two autoclickers signalled a trade! lol!
  • #11
  • Feb 20, 2007 12:19am Feb 20, 2007 12:19am
Quoting benajnim
Back to my time question, I did find this page for anyone who wants to have a vague idea about when they will announce their decision:

http://www.boj.or.jp/en/theme/seisaku/kettei/index.htm

By seeing the above document, it is observed that majority of voting is supporting for not raising the Intrest Rate. So I think, they might not raise the RATE. But there is 50-50 chances. SO becarfeul GBP/JPY traders. this might cause +150-200 and -150-200 pis.

best of luck,
  • #12
  • Feb 20, 2007 12:24am Feb 20, 2007 12:24am
well this is happening again, like previous month, i have thought last month when hike or no hike happened will see big move, but when no hike happened there was no big move only steady going up and i have seen seen very large whipsaw.
but this time seems a little different maybe, i think only placing a short about 20 pips or more and let it run for some hours, if hike happened it will go down and you may plan to hold it for several hours... but if they don't hike, i think we could see some whipsaw and then like last month going up normally... but if they really hike unexpectedly it could be like a shock maybe, and going south big time, like we saw on jpy gdp... what do you say about this?
  • #13
  • Feb 20, 2007 3:12am Feb 20, 2007 3:12am
Its been said that BOJ is under pressure from the Government and with that, traders see "unprofessionalism" at its worst. (ie, with gov intervention, a no hike is foreseen)... EURJPY went up this week.
  • #14
  • Feb 20, 2007 4:13am Feb 20, 2007 4:13am
The yen has already moved lower the past few days. Even the beleaguered gbpjpy is moving higher. Which way do you think the market is positioning itself? Time to position short jpy.

My 2c
  • #15
  • Edited 9:24am Feb 20, 2007 8:12am | Edited 9:24am
BoJ Governer is going to speak at 1:30 a.m EST. The time was mentioned in {link removed, see rule #3}.
But dont have idea on the Intrest Rate release time.

I guess the Intrest rate will be .50% .
  • #16
  • Feb 20, 2007 9:04am Feb 20, 2007 9:04am
How does the market usually react to this guy? Aggresive? Moderate?
  • #17
  • Feb 20, 2007 9:23am Feb 20, 2007 9:23am
Fukui wont speak at exactly 1:30am EST, although some calendars report that. his last two speeches (following interest rate decision) have been more around 2:15am.
Relax and be happy.
  • #18
  • Feb 20, 2007 9:35am Feb 20, 2007 9:35am
This is one of the craziest reports if you are into carry trades....I can't even find a consensus on what the consensus will be!!!

There is no set time like Merlin says above......

Only thing I can add is probably have look at the price action from the time Japan opens on the important JPY pairs coz there is always all sorts of leaks and speculations etc.....plus if you may actually have an opportunity to get into a trade before your broker freezes the platform!!!!

If u are planning to trade this good luck and be very careful....remember the goal is to keep your account alive to trade another day..
  • #19
  • Feb 20, 2007 9:38am Feb 20, 2007 9:38am
Quoting Bad.hair.spray
This is one of the craziest reports if you are into carry trades....I can't even find a consensus on what the consensus will be!!!

There is no set time like Merlin says above......

Only thing I can add is probably have look at the price action from the time Japan opens on the important JPY pairs coz there is always all sorts of leaks and speculations etc.....plus if you may actually have an opportunity to get into a trade before your broker freezes the platform!!!!

If u are planning to trade this good luck and be very careful....remember the goal is to keep your account alive to trade another day..
Gosh, the whole message sounds scary LOL
  • #20
  • Feb 20, 2007 9:39am Feb 20, 2007 9:39am
Quoting Bad.hair.spray
coz there is always all sorts of leaks and speculations etc.......
remember last month?? there was a leak 2 hours prior to the official release. things got pretty crazy, and i expect more of the same tonight
Relax and be happy.
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