Comments on: JPY: Time to reduce exposure ahead of BOJ https://fxww.com/jpy-time-to-reduce-exposure-ahead-of-boj/ The Professional Source Thu, 04 Apr 2013 03:51:42 +0000 hourly 1 By: Danny https://fxww.com/jpy-time-to-reduce-exposure-ahead-of-boj/#comment-19242 Thu, 04 Apr 2013 03:51:42 +0000 http://fxww.dreamhosters.com/?p=6803#comment-19242 thanks Sean.

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By: Sean Lee https://fxww.com/jpy-time-to-reduce-exposure-ahead-of-boj/#comment-19241 Thu, 04 Apr 2013 03:49:59 +0000 http://fxww.dreamhosters.com/?p=6803#comment-19241 Think we will need to be quick Danny, but we need to wait n see what they have to say. If they disappoint and market shows its disappointment by falling hard, then wait for some sort of relief rallies as they always happen and jump in

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By: Danny https://fxww.com/jpy-time-to-reduce-exposure-ahead-of-boj/#comment-19240 Thu, 04 Apr 2013 03:45:05 +0000 http://fxww.dreamhosters.com/?p=6803#comment-19240 Sean,
if BOJ disappoint, you recog get in quick or wait for the dust to settle?

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By: Sean Lee https://fxww.com/jpy-time-to-reduce-exposure-ahead-of-boj/#comment-19239 Thu, 04 Apr 2013 03:40:02 +0000 http://fxww.dreamhosters.com/?p=6803#comment-19239 Really fair question Jimmy, I have been on a great run so maybe I should be upping my risk rather than reducing?? Maybe, but I’ve managed to be profitable trading for myself for last 12 years and I’ve done this by never taking risks I cannot control. I guess this means that I never make the super big profits but I also never really lose a lot and I think that’s the secret of longevity as an FX trader.

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By: Jimmy https://fxww.com/jpy-time-to-reduce-exposure-ahead-of-boj/#comment-19238 Thu, 04 Apr 2013 03:28:48 +0000 http://fxww.dreamhosters.com/?p=6803#comment-19238 Sean, I really believe you are one of the most accurate traders I ve ever seen. So I cant understand why you reduced your JPY longs if you are forecasting that in a downside strike the USD/JPY could well pierce 90…

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By: SergaNet https://fxww.com/jpy-time-to-reduce-exposure-ahead-of-boj/#comment-19235 Thu, 04 Apr 2013 02:55:54 +0000 http://fxww.dreamhosters.com/?p=6803#comment-19235 USD/JPY daily chart I have goals 91.55, 90.84, 90.49 and 90.21. It is interesting that, if the achievement of these goals and adjustments up to the area of 92.20/56, may form a figure head and shoulders on a daily chart.

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By: Sean Lee https://fxww.com/jpy-time-to-reduce-exposure-ahead-of-boj/#comment-19234 Thu, 04 Apr 2013 02:54:30 +0000 http://fxww.dreamhosters.com/?p=6803#comment-19234 Is expected anytime from now on, the later it goes then the more likely we are to see big policy decisions. I’d say it will happen in about another 60/90 minutes

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By: Danny https://fxww.com/jpy-time-to-reduce-exposure-ahead-of-boj/#comment-19232 Thu, 04 Apr 2013 02:44:56 +0000 http://fxww.dreamhosters.com/?p=6803#comment-19232 good thinking Sean. learned something from you about mitigating risks.
Any idea when will BOJ make the announcement?

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