Japan government, Bank of Japan "getting closer" on monetary policy statement | Forex Factory

  • Japan government, Bank of Japan "getting closer" on monetary policy statement

    From reuters.com

    Japanese Economics Minister Akira Amari said on Sunday that the government and the Bank of Japan were getting closer to an agreement on a joint statement on monetary policy expected to be issued next week. The government has been pressuring the BOJ to adopt a 2 percent inflation target and make job creation part of its monetary policy mandate. "(A difference between )the government and the BOJ is narrowing about the contents of the joint statement, but I can not disclose details," Amari told public broadcaster NHK. "It is obviously necessary to share common policy goals between the government and the BOJ and ... (full story)

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Robot Trader
Jan 20, 2013 2:09pm
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Quoting Alzuraiqi
so we are going to witness a big rally this week .JPY will go down
We have already had a big rally, so next will come some profit taking, we only need a trigger and PA will be back down to 86 maybe even lower. Abe wants the BOJ to fully support his goals hence the joint statement, so we will see if the market feels if BOJ are fully under Abe's control any cracks could be the trigger for a 300 to 400 pip correction.
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Robot Trader
Jan 20, 2013 2:46pm
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Quoting cm C
so what are u saying in the fact
The market moves in waves, we may see UJ 100 this year, but first will come a correction and we only need a trigger for this to happen. So traders that bought in late may take some profit and enter again lower, but once the selling starts it will be strong, so get ready
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Alzuraiqi
Jan 21, 2013 5:01am
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Quoting Guest
I am currently long both gbpjpy and nzdjpy after the initial sell off... with targets of 147.50 and 77.50 respectively. I would be selling eurjpy off 123.50 resistance. PA clearly shows a strong path upwards. anything lower in the yen pairs would serve as great opportunities to reinforce my longs.
OK . I agree with your thought
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cm C
Jan 20, 2013 2:22pm
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Quoting Robot Trader
We have already had a big rally, so next will come some profit taking, we only need a trigger and PA will be back down to 86 maybe even lower. Abe wants the BOJ to fully support his goals hence the joint statement, so we will see if the market feels if BOJ are fully under Abe's control any cracks could be the trigger for a 300 to 400 pip correction.
so what are u saying in the fact
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Alzuraiqi
Jan 20, 2013 12:23pm
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so we are going to witness a big rally this week .JPY will go down
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Alzuraiqi
Jan 20, 2013 12:47pm
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Quoting Nasdak
It means, buy or sell USD/JPY?
Buy usd /jpy only if they agreed to make further monetry steps to boost the economy on 22 Jan
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alexrazon
Jan 20, 2013 3:09pm
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lot of double standard japanese officials lately
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tmerhebi
Jan 20, 2013 11:25am
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so this means gold will continue its rise this week buy gold?
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Nasdak
Jan 20, 2013 12:41pm
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It means, buy or sell USD/JPY?
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Mcg
Jan 20, 2013 1:57pm
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I'm currently long but I'm looking for a retrace to add to my position.... Of course, if the easing continues...
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cm C
Jan 20, 2013 2:02pm
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jpy will gain strength this week ..... just believe me and forget the news, and follow the trend
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cm C
Jan 20, 2013 2:06pm
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Quoting Alzuraiqi
Buy usd /jpy only if they agreed to make further monetry steps to boost the economy on 22 Jan
the best to trade is EUR/USD OR EUR/JPY and the position should be sell
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Obey_Rules
Jan 20, 2013 2:20pm
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Agree. Correction will come after some push upwards. So watch for it and be nimble!
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Trader#A301
Jan 20, 2013 8:37pm
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I am currently long both gbpjpy and nzdjpy after the initial sell off... with targets of 147.50 and 77.50 respectively. I would be selling eurjpy off 123.50 resistance. PA clearly shows a strong path upwards. anything lower in the yen pairs would serve as great opportunities to reinforce my longs.
Reply
Trader#6DB3
Jan 20, 2013 2:12pm
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Quoting cm C
the best to trade is EUR/USD OR EUR/JPY and the position should be sell
Hi. any comments on audjpy? thanks.
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Trader#CACE
Jan 21, 2013 7:13am
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Kyle Bass says they'll implode if interest rates rise with inflation.The size of their debts can't handle any increase.
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Trader#57BB
Jan 21, 2013 11:46am
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I'm currently long usd/jpy with -30 pips at an ask value of 89.74 and I have at this moment 50pips to SL. I must close this trade and go short with usd/jpy?
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