Strong yen and weak dollar kick off week ahead of FOMC and BOJ meetings
Current Market Situation: At the start of the week, USD/JPY dipped to the 139 range, marking the lowest level for the yen since July last year. Although it has since recovered to the 140 range, there remains strong selling pressure on the dollar amid uncertainties surrounding the upcoming FOMC and BOJ meetings. FOMC Expectations: Last […]
+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 […]
+69,304 USD: BOJ’s Bond Purchase Reduction Plan and Rate Hike Discussions in Focus! Trading Results from July 22-26 and Future Outlook
The trading from July 22 to 26 resulted in a total profit of 69,304 USD. However, it’s regrettable that I couldn’t fully capitalize on the opportunities by focusing more on cross-yen selling. In such market conditions, a strategy focused on cross-yen pairs would have been more effective. Market Trends and Key Points Moving Forward Currently, […]
-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 […]