Bank of Japan released “Statements on Monetary Policy” today, which introduced Negative Interest Rate.
http://www.boj.or.jp/en/announcements/release_2016/k160129a.pdf
The initial reaction was YEN Weakness – Spike on USDJPY and reached up to MPP.
Currently the price came down to Fib38.2% + Role Reversal zone.
As the buy zone, I would like to also suggest Fib78.6% + Role Reversal zone, as well as our regular Fib38.2 – 61.8% zone.
I hope this Yen Weakness will last.
YJ Baik – Forex.Today @ Tokyo
3 thoughts on “BOJ Monetary Policy & USDJPY Trade (Jan 29)”
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i always follows your trade ideas …its really too good ..
plz give a analysis about nzdjpy
Bravo!
Where did you go YJ? We miss you!