After the announcement little shift can already be seen. At 151.66 USD/JPY a short USD is being set up. If anyone remembers post 2008 76.000 USD/JPY when it went below parity and the long jumped in. What is the possibility of a return. ie. New Emperor, demographic shift, shifting auto and technologies market..... Akuma to Tenshi Long JPY
Usually it doesn't happen abruptly it's slow process which is priced in by the market step-by-step according to information available. Looking back, yes you will certainly see some long-term bottom but I doubt anybody buying at that time thought that price formed multi-year low
Outdated news by a week. USDJPY has been on the uptrend since 2012. The recent uptrend started a year ago. BOJ rate increase...long JPY ---> BOJ rate increase...too late to long JPY Always look at the big picture first. Don't do tunnel vision さよなら Sayonara
Yeah market is driven by expectations, however sometimes reality may not live up to expectations. BoJ tends to often deliver surprises, pushing back against market hopes
The JPY news hitting record 34 yrs low on my screen and i was wondering if i could have longed USDJPY making some profits.
Looks like i have failed to express my feelings i just wanted to write i missed a long on USDJPY. Cheers!