BoJ's impact on Usd/Jpy

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Oct 31, 2014 08:44 am

uniquetrader User

Posts: 939
Member since: 21/04/2011

It is above 111.50. What an unpredictable decision by BoJ. Usd/Jpy has moved nearly 250 pips up and looks like it can go near 112.00.

I really doubt if BoJ's current decision will be beneficial for Japan's economy in longterm.

Stick to your rules

Nov 04, 2014 12:21 pm

ironical User

Posts: 734
Member since: 22/04/2011

It has gone above 114.00 but then bounced back and now trading at 113.37. I am not sure if this retracement is temporary or will it conitinue upward movement. By looking at Usd strength and Jpy weakness, it looks like pair can go above 115.00

The good or ill of a man lies within his own will. – Epictetus

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