-91,776 USD in June 17 – June 21. The Risk of Yen Buy Intervention by the BOJ Increases!? Re-focus on USD/JPY!
June 17 – June 21: Total trades resulted in a loss of 91,776 USD. This week, significant losses were incurred due to fluctuations in the British pound. The volatility of our earnings has been too high recently, so starting next week, we’ll focus solely on EUR/USD and USD/JPY to be more cautious in our […]
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 […]
+$91,567 in a week, USD/JPY Shockingly Hits 160 Yen! BoJ’s 8 Trillion Yen Intervention Causes Plunge to 152 Yen! What’s Next?
From April 28th to May 3rd, my trades resulted in a gain of +$91,567. At the start of the week, USD/JPY surged into the 160 yen range. The Bank of Japan (BoJ) appeared to have stepped in with real intervention, spending about 8 trillion yen over two days, on the 29th and 2nd. Coinciding with […]
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 […]
Dollar buying paused, but corrections shallow; currently observing the situation
The dollar is experiencing a slight downward trend at the moment. Despite strengthening due to last weekend’s US employment statistics, Powell’s remarks at the beginning of the week, and the ISM index, yesterday saw a corrective selling pressure on the dollar. Today, that movement has somewhat subsided, and we are currently observing the situation. The […]
Focus on the Dollar/Yen Reaction to the BOJ Governor’s Press Conference
Focus on the Dollar/Yen Reaction to the BOJ Governor’s Press Conference In today’s New York foreign exchange market, the initial focus will be on how US participants assess BOJ Governor Ueda’s press conference. After the reaction to domestic news has settled, trading will continue with a normal focus on US interest rate movements. Economic data […]
Keeping an Eye on Tomorrow’s BOJ Meeting, a Slightly Cautious Mood
In the Tokyo market, USD/JPY has been trading in the mid-142 yen range. The trading range has been reasonably steady, ranging from 142.06 yen to 142.46 yen, with some back and forth movements between the 00 yen and 40 yen levels. However, there hasn’t been a clear direction. Traders are awaiting tomorrow’s Bank of Japan […]
BOJ YCC revision again is factored in; Yen sell-off reaction, but not intervention.
The Bank of Japan’s Yield Curve Control (YCC) revision has been announced. They have shifted from a stance of firmly adhering to the previous 1% upper limit to adopting a more flexible approach with a target around 1%. The target level for the yield curve control operation has been changed to be decided depending on […]
After passing through last week’s events, July seems to be coming to a close with a dollar-strong trend, having absorbed the shock from the Bank of Japan’s decision.
Today marks the beginning of a new week and the end of July. Major events such as the US FOMC meeting, ECB Council meeting, and Bank of Japan policy decision have been concluded. It appears that July, overall, will end with a dollar-strong trend. Both the FOMC and the ECB announced a 25 basis points […]