Bank of Japan interest rate hike: Fed funds rate hold
Gogoジャン CEO Hayakawa and my interview VTR can be viewed here
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Good morning everyone.
Yesterday's USD/JPY movements were quiet during the day as we awaited the FOMC.
In the first place, the price range was small, so targets were limited.
The BOJ rate hike seemed to have little impact, leaving us feeling disappointed.
USD/JPY MT4 daily and 5-minute charts
We returned to the peak of the recent yen-buying intervention.
Ultimately, the intervention turned out to be meaningless, but perhaps the country made someone rich...
From here, is this the highest in the history of fluctuating markets?
I don't know if it's the highest, but it's recently a super high price.
It's about 1 yen above the current price, so if you get serious you could reach it.
With the recent small, choppy moves, it might take about a week.
If possible, I’d like it to reach the daily red zone so I can trade both selling and buying.
After seeing a temporary drop, I think an L position can be traded by switching to an億 trader 1-minute chart.
The blue □ on the right 5-minute chart is where the buying spot occurred during the early hours FOMC.
There are luck-based aspects to catching this area, but if you see multiple reversal opportunities on the 1-minute chart, placing a counter-trend L is efficient.
If possible, trading L positions with "FX trading not typical hedging" makes it comfortable.
Even if it moves against you, you still have hedges, and the key points are close by.
Delicious opportunities are available daily, but whether you encounter them depends on timing and luck.
Rather than thinking "do everything" or "take everything," maintain a relaxed stance and try only where you can.
Today there are policy rate announcements from SNB and BOE.
They are expected to hold steady, so not much impact is anticipated.
Also, tomorrow is a US holiday, so tonight the markets may see more activity from the Yankees.
Thank you for your continued support today as well.
For traders who just want to succeed in trading and make a living from it, and want to learn on their own, this is the trading technique I recommend, which can be self-taught: