Feb 21, 2007

BOJ rates decision - Rumors playing around

Couple of minutes ago there is with rumors reporting Unofficially result of Bank of Japan ( BOJ ) interest rate decision which stated no rate changed ( only 3 votes for rate hike ) . USD/JPY and YEN - crosses ( including GBP/JPY , EUR/JPY ) spiked up for new daily high. This move followed with fast pull back after another rumors running out with 49% of rate hike probability. Anyway, I am still believing that no rate hike for BOJ until they have less tension from Japanese government.

My earlier position ( Long in GBP/JPY @ 235.18 ) had been stopped out @ 234.45 with +27pips profit. I had re-enter this pair with Long @ 235.23 now.

( GBP/JPY now @ 235.32 , EUR/JPY now @ 158.15 , USD/JPY now @ 120.29 , AUD/JPY now @ 94.74 , CHF/JPY now @ 97.34 )

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