NZDJPY: BOJ continues to comment daily

NZDJPY: BOJ continues to comment daily

Over the past couple of days we have seen the BOJ cross the wires several times during the day sending some hawkish comments.

However, the market is still wary and tired of this situation considering that the BOJ has lied to the market several times about any possible intervention.

So far the USDJPY price reached 149.90 and we only saw comments.

Yesterday, the BoJ announced unscheduled bond-buying operation to stem surge in yields.. USDJPY was the only that didn't move a single pip. We saw that it moved on the opposite side.
Other XXXJPY pairs decreased by 150 to 250 pips.

This bearish wave may continue again after any small correction.

You may find more details on the chart!

Thank you and Good Luck!

Comment:

Trade closed: target reached:

Comment:

NZDJPY-> the price is still in correction and it should move down again...we should not miss the next selling opportunity. BOJ began the intervention and they may join the party again in silence.