Friday was a bad day for the Japanese Yen. The currency got sold across the board as the Bank of Japan announced new easing steps. The Bank raised its bond buying program from 70 to 80 trillion and trippled its ETF buying to 3 trillion yen.

The Yen lost over 300 pips against the US Dollar and the Euro and close to 500 pips against the Pound. I expect the selling to continue going forward on Monday. I will be looking to enter on the long side in USD/JPY and EUR/JPY. It's a new month, good luck everyone!
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –