Bank of Japan interest rate hike forecast
Gogoジャン President Hayakawa and my interview VTR can be viewed here
There is also a free gift.
Good morning everyone.
On Monday, the USD/JPY opened a small window lower and moved about 60 sen overall.
There were reports that the US and Iran had reached an agreement, but when traders look at the USD/JPY chart, it seems there was not much impact.
Although the recent high has not yet been surpassed, will they break through with today’s BOJ policy rate announcement?
Forecasts expect the policy rate to rise from 0.75% to 1.00%.
In the old days, I worked for quite a long period at a U.S. financial institution and led a small organization of about 70 people, but my department basically collected money from customers, with actual management handled by a fund team.
I think the organization size was around 50 to 200 people nationwide, about 200 branches.
I learned many things in that environment, but now that I think about it, I gained knowledge but I didn’t acquire much discretion as a trader.
I could imagine things by listening to veteran traders in the dealing room, but did I grasp anything directly useful for today’s trading?
It seems not much.
In the end, retirement and steady, careful trading is what sustains me now.
This Investment Navi blog chronicles my way of life, what I have done.
So, personally, you can find trading hints among these posts, so please read when you have time.
Today, for the first time in 31 years, Japan’s interest rates are expected to rise.
If the BOJ announcement is not out by 12:30, there is a high probability of a surprise.
What will today look like after the Holms Strait issue was resolved?
Whether the yen will further weaken like Kuroda’s Bazooka or whether the general trend will be a yen rise is uncertain.
In times like these, a double-sided (hedge) approach is
will be active.
Trading is a job, so choosing a strategy and method is necessary.
Yesterday’s USD/JPY 1-minute chart
The range was about 60 pips, so there wasn’t a big move.
In Investment Navi, we have written many times that when there is no range and no US economic indicators,
we discussed what trades to do in such times—do you remember?
Where I look is the yellow □ zone,
I Trade in line with moves just after market opens in the stock markets, so I monitor movements before and after market opens.
I have written about the reasons several times.
Even remembering this alone can yield about 10 pips.
The method is「New Millionaire Trader Scalping - Volume Plus」
should be good.
If you read the manual, it doesn’t seem overly difficult, but it precisely teaches you “that place,” allowing you to stay in a waiting stance.
Trading is 90% waiting work, so how long to wait is important.
If you don’t know that, trading is not much different from playing pachinko in terms of probability.
Today, users, if the BOJ moves, try to visualize the movement on a 1-minute million-trader chart.
That small screen should be considered daily normal mode.
Thank you for your continued support today as well.
For traders who simply want to succeed in trading or earn a living from trading, the product I recommend—also something you can learn on your own—is this trading technique below↓