Rather few hours from now the uj will shoot to the moon.

What if they aren't? They'll probably manipulate the yen by selling US dollars during significant news releases or a Fed rate cut to take advantage of bad USD news. The USD/JPY pair could fall 500 pips in a few hours.

Nothing has really changed. Yes, the BoJ will probably hike, but they still have the lowest rates among the central banks. Unless something bad happens JPY will continue to depreciate against other currencies.

About time, test balloon to see market reaction to Dec hike. JGBs!

perfect storm is coming

One currency to rule them all now , one to find them all, One to bring them all, and in the darkness bind them.

Bullish for yen

GBPJPY trade start moving negatively after news before was moving very nicely in uptrend

why do you say that?

The yen strengthened toward 155 per dollar, marking its best level in more than two weeks as expectations grew that the BOJ may raise rates this month.

Confidence in this view increased after Governor Kazuo Ueda expressed optimism about Japan’s economic outlook and said the central bank would carefully assess any policy adjustment.

Finance Minister Satsuki Katayama added that the government and the BOJ share the same assessment of current conditions, signaling continued alignment.

USD/JPY faces resistance near 157.95, with support positioned around 154.20.

R1: 157.95 | S1: 154.20
R2: 160.15 | S2: 153.65
R3: 161.20 | S3: 151.60

Soft

I don't think raising 25bps will make any difference, especially if they keep the dovish stance. 5 years of negligence has its consequences.

Money must be made in either ways

EJ Was in a nice bull move, I will still go for the bulls

The BOJ was waiting for the USA to cut rate so it can drag its feet but the market is getting very impatient that its interest rate are lower than the inflation for too long.

If this is the case then what will happen to EJ how many to drop ?

been hearing this since weeks if not months ago, and still the same "likely"

damn

The last time it increase rate by 0.25 in Jan 24, it takes about 14 days to drop 500 pips.

If BoJ doesn't hike rates it'll probably be a bloodbath. Intervention is highly likely going to take place soon if that is the case. Second thing to watch, which is in my opinion as important as the rate decision, YCC. Will BoJ continue YCC or not? If the answer is yes, then there is no hope for JPY.

Also, according to my charts, MN, W1 and D1 are ready for another significant leg up. While H4 is hinting at some possible deeper retracement, it is not really significant as no other higher TF is on the same page. Meaning, there is no sign of reversal yet.

CHF/JPY I was talking about in prior comments has held D1 support at 193 and looks ready for another move higher. Swiss Y/Y CPI is 0.0% which leaves the rate decision up in the air. It's really 50/50 whether SNB will cut this month and go negative. Next meeting is in March and this is where SNB is definitely going negative on rates, as Swiss starts experiencing deflation.

Interventions so far have produced a drop of around 500 pips, that is correct.

tp got hit due this

Gold moving downtrend after the new

To open the news

The JEN Pairs have been in a Bull market for a while now. This news just adds to a switch in my Bias for the next few months