EURUSD

Um, shouldn't the USDJPY be moving up on an endless purchase program? Did I miss a headline or something?

http://www.reuters.com/article/2013/...90K08J20130122


TOKYO | Mon Jan 21, 2013 11:10pm EST

(Reuters) - The Bank of Japan on Tuesday doubled its inflation target to 2 percent and adopted an open-ended commitment to buy assets, surprising markets that had expected another incremental increase in its 101 trillion yen ($1.12 trillion) asset-buying and lending program.
The BOJ also issued a joint statement with the government in which it set 2 percent inflation as its new target, although two of the central bank's nine board members dissented against this decision.

As widely expected, the BOJ maintained its overnight call rate target at a range of zero to 0.1 percent by a unanimous vote.

BOJ Governor Masaaki Shirakawa will hold an embargoed news conference with his comments expected to come out some time after 4:15 p.m. (0715 GMT).

The BOJ set a 1 percent inflation target in February last year, and expanded monetary stimulus five times in 2012 through an increase in its asset-buying and lending program.

Prime Minister Shinzo Abe, however, has piled pressure on the central bank to aim for 2 percent inflation as a medium-term target and pledge to ease policy aggressively to achieve it.

($1 = 89.7950 Japanese yen)

trying a long there at 118.76, 25 for 75

LO and Franky might test the new lows.

BOJ Governor Masaaki Shirakawa will hold an embargoed news conference with his comments expected to come out some time after 4:15 p.m. (0715 GMT)

Oh damn, I'd like to go to sleep but these shitty tides don't allow. It's bizarre how the euro changed its mind during this move.

Thats true but who tells you if the price was up or down during the weekend ... We can just guess ...tell me if you have some interbank friends
You always trade just statistic... or crowd ...

*nods
just risking a tiny bit of what i've got today =)

The main problem for bear is "quick and strong reaction" which support the bull.

Watch USD/JPY. The whole move was lead by U/J.

will try, thx.
they're weird, imho, lol

Main event such as this, USD/JPY always lead other Yen Crosses.

Same shit different day.

*noted

Anyone think 1.3355 area is just a bull trap and price can move down to 1.3205 demand zone?

1.3359 was tokyo close a few days back. pa stopped there, dead. i have 3264 down below.

what about the other supply zones before 3205

LOL don't know how to answer that. There are few eco data that might as catalyst for bull or bear depends on positive or negative data.

Check here http://www.forexfactory.com/

3377 to watch for 3400

just closed my ej longs at 119.30.

EURUSD

BULLISH Resistance is at 1.3404, a break above this would signal the end of the choppy
activity, opening the way to 1.3493. Support lies at 1.3249 ahead of 1.3201.

Source: UBS