USDJPY
Dec. 24, 2015, 09:50
Sell on a level breakthrough of 120.34 with 119.50 target. Stop loss = 120.84.
Reason for the trading strategy
Today, Mr. Kuroda, the Head of the Bank of Japan, said that the measures announced last week should not be considered as a further easing of the monetary policy. Indeed, in December, the Bank of Japan kept the volume of the monetary base expansion unchanged at 80 trillion yen per year. The changes only affected the composition of the portfolio. A new ETF acquisition program with an annual budget of 300 billion yen will be launched starting with April 1, 2016.
USDJPY, H4
Dec. 24, 2015, 09:50
Sell on a level breakthrough of 120.34 with 119.50 target. Stop loss = 120.84.
Reason for the trading strategy
Today, Mr. Kuroda, the Head of the Bank of Japan, said that the measures announced last week should not be considered as a further easing of the monetary policy. Indeed, in December, the Bank of Japan kept the volume of the monetary base expansion unchanged at 80 trillion yen per year. The changes only affected the composition of the portfolio. A new ETF acquisition program with an annual budget of 300 billion yen will be launched starting with April 1, 2016.
USDJPY, H4
The USD/JPY pair is testing the December lows
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