https://fxww.com/boj-expands-asset-buying-program-by-yen10-trillion/ The Professional Source Thu, 20 Dec 2012 05:31:19 +0000 hourly 1 https://fxww.com/boj-expands-asset-buying-program-by-yen10-trillion/#comment-12931 Thu, 20 Dec 2012 05:31:19 +0000 http://fxww.dreamhosters.com/?p=3921#comment-12931 I think it’s time for the yen crosses to roll over too, but those fiscal cliff negotiations could totally throw a spanner in the works. No more short term trades for me in 2012!

]]> https://fxww.com/boj-expands-asset-buying-program-by-yen10-trillion/#comment-12928 Thu, 20 Dec 2012 04:46:29 +0000 http://fxww.dreamhosters.com/?p=3921#comment-12928 Yes, currently overbought at high levels on the daily, combined with the new greek doubts as well as cliff talks turning negative, all adding to the case for some long profit taking.

]]> https://fxww.com/boj-expands-asset-buying-program-by-yen10-trillion/#comment-12927 Thu, 20 Dec 2012 04:36:17 +0000 http://fxww.dreamhosters.com/?p=3921#comment-12927 Looks bearish to me Zen, statement was dovish giving hope for target change in January yet mkt can’t rally. I’d say USD/JPY will test 8350 again in next few hours

]]> https://fxww.com/boj-expands-asset-buying-program-by-yen10-trillion/#comment-12926 Thu, 20 Dec 2012 04:32:28 +0000 http://fxww.dreamhosters.com/?p=3921#comment-12926 The market seems to be answering with a move down in both UJ and EJ. As you said in the ranges you gave, UJ has to convincingly break 84 and 83.70 for this to become a decent retracement.

]]> https://fxww.com/boj-expands-asset-buying-program-by-yen10-trillion/#comment-12925 Thu, 20 Dec 2012 04:26:13 +0000 http://fxww.dreamhosters.com/?p=3921#comment-12925 Sean, with your years of experience in the markets how do you read the price action in the Yen pairs after the BoJ statement? It’s been nearly half hour after the statement. If you had to take a side now, would you enter long or short UJ?

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