Bank of Japan released “Statements on Monetary Policy” today, which introduced Negative Interest Rate.



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)”

  1. Saedulbahar Chowdhury says:

    i always follows your trade ideas …its really too good ..

    plz give a analysis about nzdjpy

  2. Wayne McDonell - says:


  3. Wayne McDonell - says:

    Where did you go YJ? We miss you!

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