The Japanese Yen has been trading in a huge 2% range in the Asian session on speculation on the size and type of stimulus from Japan’s Ministry of Finance (MoF) and central bank. Comments from Japanese finance minister Tara Aso that the government was still working on the size of […]
BoJ Governor Kuroda has surprised markets in Asia today with the announcement of the expansion of the bank’s quantitative easing program to include exchange traded funds. The bank said it will continue to expand the money base by 80 trillion Yen per annum but in a 6-3 vote the bank […]
It’s been an interesting afternoon for forex traders with USDJPY trading down to 120.40 after Governor Haruhiko Kuroda and his colleagues at the Bank of Japan (BoJ) voted 8-1 to keep the current stimulus program of expanding the monetary base at a rate of 80 trillion yen per annum. That […]
"Buy on dips" no longer warranted.