19 years in trading
The previous weeks were really something in the market, right. Coronavirus disrupt evertyhing and the market volatility went crazy. Intraday moves reached 800 or even a 1000 pips in one direction, mostly back as well in a same day. But, there is more to come for sure, so stay alert on all actions from the central banks, who coordinatelly trying
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Early today, the Bank of Japan anounce no changes to the current monetary policy as expected. Latter on press conference, governor Kuroda says: still quite a distance to achieve 2% target inflation will rise but still only halfway now BOJ not ready to start discussing exit strategy with low inflation still in theory ETF purchases could drop before 2% no
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Bank of Japan maintains short-term interest rate target at -0.1% and 10-year JGB yield target around 0.0%. Leaves unchanged pledge to buy JGBs more or less at current pace so its holdings increase at annual pace of around 80 Trl ¥. Current economic outlook Japan real GDP expected +1.6% in fiscal year 2017/18 vs +1.5% projected in January real GDP expected
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Are you ready for Bazooka Abe? Early in the morning (European time) at aprox 03:30 h – 04:00 h GMT we have an important decision from the Bank of Japan. Starting with interest rate decision, monetary policy statement and press conference latter on. If you can remember what happened on July 29. during the last BOJ’s decision, I doubt that
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How much you have paid the ticket for this ride? Well, if you traded USD/JPY or JPY with other currencies last night, you have certainly paid this ride too much, right!? Take a look at my 5 minute chart how this was dangerous to trade and that looks even more frightening if you take a look at the 1 minute chart.
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Three years since Bank of Japan with Gov. Haruhiko Kuroda introduced quantitative and qualitative monetary easing (QQE) to pull Japan out of deflation. His initial target of a 2% inflation rate is more difficult to attain as a result of continued low consumer spending and low oil prices. There is approximately two years that the BOJ initially set as a
Read moreAs usual, there is no fixed time, this is the expected time of announcement. There is no expectation of a change of policy from BOJ, that’s why the focus will be on the press conference early in the morning. High volatility at the JPY pairs is expected! 03:00 h (GMT) – Interest rate decision!!! 》 Current -0.1%, expectation -0.1%. 》Update
Read moreTough February for the US dollar in this pair, isn’t it!? Well, you already know that the BOJ scares investors here with the possible intervention, but in wich level they could really intervene? As I see in my Monthly chart, the pair is still supported with strong technical levels here above the 111.00, but if this level fail to hold in February, 105.00 could
Read moreTake a look at my 1 minute USD/JPY chart how the market reacts on talk of possible BOJ intervention. The pair has slammed in only 4 minutes, at fist two up for 170 pips and in the next two seconds down for 160 pips. As I see it, this wasn’t an BOJ intervention, just the huge market players reaction on the rumour
Read moreBank of Japan Interest rate decision and Monetery policy statement is coming up at 03:00 h (GMT). The market is expecting from BOJ to keep the rates unchanged, as policy makers are belive that underlying inflation is improving. Altough, the low oil price and lower consuption is continues to push inflation away from the target of 2%, easing is not
Read moreKuroda had crashed Jen early today with his mixed comments, Amari recovered the Japanese currency latter. After Kuroda’s speech, USD/JPY fell for almost 200 pips and stoped the fall at 122.45, after wich the pair had halted there for a while, until Amari didn’t said, that Kuroda’s speech is misunderstood in the market!? Well, what ever that means, USD/JPY has recovered
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