After the U.S. FOMC and BoJ Meeting, USD/JPY Surges into the 144 Range! Focus on BoJ Governor Ueda’s Press Conference
After the U.S. FOMC and BoJ Meeting, USD/JPY Surges into the 144 Range! Focus on BoJ Governor Ueda’s Press Conference This week, following the U.S. FOMC and the BoE’s MPC, the Bank of Japan (BoJ) also held its monetary policy meeting. Today’s announcement confirmed that the BoJ’s policy rate remains unchanged, which led to fluctuations […]
+141,981 USD Yen Strengthening! BoJ’s Next Move and USD/JPY Outlook: FX Weekly Forecast for August 5, 2024～
Yen Strengthening! BoJ’s Next Move and USD/JPY Outlook: FX Weekly Forecast for August 5, 2024～ From July 29 to August 3, trading resulted in a total profit of +141,981 USD. Profitable Week with Cross Yen Selling This week’s FX market saw continued profitability through selling cross yen pairs. Additionally, Bitcoin briefly surged past 70,000 USD […]
BOJ Raises Policy Interest Rate: Outlook from Governor Ueda’s Press Conference
The Bank of Japan (BOJ) has decided to raise the policy interest rate to around 0.25%. In a press conference on the 31st, Governor Kazuo Ueda stated, “As the outlook for the economy and prices is progressing smoothly, we will consider further rate hikes if this outlook materializes.” Regarding the economic impact of additional rate […]
Preparing for Tomorrow’s BOJ Decision Meeting Announcement
The Bank of Japan (BOJ) Monetary Policy Meeting has begun today, with the results expected to be announced tomorrow, likely around midday. Following the announcement, BOJ Governor Ueda will hold a press conference. The market’s main scenario is a reduction in government bond purchases from the current 6 trillion yen to 3 trillion yen over […]
Yen Appreciation Trend Forming Ahead of Next Week’s BOJ Decision Meeting
USD/JPY has fallen to the 154 yen level in the Tokyo market today. Taking a broader view of the recent USD/JPY trend, after being bought up to just below 162 yen, the pair reacted to a weaker-than-expected U.S. CPI with dollar selling. This was exacerbated by yen-buying intervention from the government and the Bank […]
BOJ Decides on Reduction “Policy,” Yen Sells Off; Monitoring Market Reaction to Governor Ueda’s Press Conference and Intervention Concerns
In the highly anticipated BOJ policy meeting, the decision was made to establish a “policy” for reducing bond purchases in the upcoming July meeting. This means that the specific details of the reduction were not announced this time. The BOJ plans to determine the reduction amount through discussions with bond market participants to avoid shocking […]
Economic Statistics Influence Dollar Exchange Rate, Yesterday Saw a Pause in Dollar Strength, Today’s Outlook
Yesterday in the NY market, the strengthening of the dollar paused. This reaction was due to the preliminary April PMI values for both manufacturing and non-manufacturing sectors showing weakness. This contrasts with the relatively strong PMI preliminary values from the UK and the Eurozone, leading to a sell-off of the dollar. Some European financial authorities […]
Bank of Japan (BOJ) policy decision meeting results were announced as expected
Today, the Bank of Japan (BOJ) policy decision meeting results were announced. As expected, they lifted the negative interest rate and set the short-term interest rate target at 0.0-0.1%. They abolished the Yield Curve Control (YCC) and maintained their easing stance by continuing purchases of long-term government bonds. Additionally, they halted new purchases of Exchange-Traded […]
Bank of Japan Meeting: Negative Interest Rate Unwind Priced In, Focus Shifts to FOMC
The market seems to have priced in the potential unwinding of negative interest rates ahead of tomorrow’s Bank of Japan (BoJ) monetary policy decision announcement. Over the past two weeks, remarks from BoJ officials and leaked reports have gradually permeated the market, leading to this anticipation. Tomorrow’s meeting is expected to discuss topics such as […]
Negative Interest Rate Removal! What Does the Bank of Japan’s Move, the First in 17 Years, Mean.Summary of Trades from March 11th to March 15th: The total profit was +196,779 USD.?
Summary of Trades from March 11th to March 15th: The total profit was +196,779 USD. I pursued buying opportunities in cryptocurrencies, but was caught in significant downward corrections at various points, leading to stop losses. Despite observing substantial upward movements, I couldn’t capitalize on them effectively. Given the considerable volatility, I plan to refrain from […]