Feb 21, 2007

BOJ rates decision - Rate set to 0.5%

This is the final officially decision which came out with an increasing with 25 basic points and set the new rate to 0.5%. (8votes - 1votes)

At the pre-releasing level the market was over respond to the expectation of rate hike. The final decision is with raising rate but only with 25 basic points. Personally I believe that the yen-crosses is going to make some adjustment to regain the previous big lost. My long position within GBP/JPY is still remain opening, and will keep focusing in monitoring this pair. Basically I am more to long side. Any pull back within Yen- crosses will be the opportunity for me to take my long entry.

No comments:

Post a Comment