Usdjpy

Sell USDJPY @MKT TP 119.90 SL 121.10

Buy Stop 121.10 TP 121.50

 

http://www.boj.or.jp/en/theme/seisaku/kettei/index.htm

 

buy on rumor sell on fact, price action seems like bulls already bought into it pre news. It has to draw in net bears, otherwiseit will be the bulls trying to exit out.

 

Bears wont step in till significant levels are breached. (120).

Bulls wont step in till they get a bargain, in the next 12 hrs, before US open.

 

sell 130

 

hedged out in diff acct. long at 120.78

 

running pip count -23 pips on news trade. hedged, selling long side at 120.98

 

trendline break hedge removed still short. -24 pips.

 

Another nice pop in Aussie over yen based on BoJ announcement, as projected last week.

 

buy stop out at 121.36 -121.10 = 26 pips

short at 120.55 SL 121.10 = -55 pips

net -29 pips.



Sell @ 121.36 TP 121.00 SL 121.72