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Hi All!
Big day today, from both side of the world. BOJ and BOE...
To start with - JPY has been one of the worst performer last year - BEAR. And in addition, there is likely hood of further QE measures by BOJ. Result - Yen will further weaken - perhaps it is a deliberate move, also says, passive suppression of currency rate by the BOJ. The recent pull back in all YEN crosses has made JPY even more tempting for SHORT positions,
On the contrary, there could be further continuation of JPY correctio…
Big day today, from both side of the world. BOJ and BOE...
To start with - JPY has been one of the worst performer last year - BEAR. And in addition, there is likely hood of further QE measures by BOJ. Result - Yen will further weaken - perhaps it is a deliberate move, also says, passive suppression of currency rate by the BOJ. The recent pull back in all YEN crosses has made JPY even more tempting for SHORT positions,
On the contrary, there could be further continuation of JPY correctio…