EUR/JPY - Preparation for the Interest Rate Hike on Friday - BOJ

1月21日

Hi guys , we would be looking in a shorter term trade on the GBP/JPY looking to chase at least 100 pips in a down turn , we have a positive expectation that the Bank of Japan would hike the interest rate on Friday from 0.25 to 0.50. I do agree that 25 basis points isnt a lot , but in a status that it took BOJ two years of sitting on negative interest rate to finally start balancing their sheets and looking to increase it, would give a positive approach into a better stability for the Japanese economy and more specifically the Japanese Yen!

Entry: 161.300
Target: 160.300


As always my friends happy trading!

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2月4日

交易結束：目標達成

Target reached!