BOJ interest rate

23 Jan

BOJ interest rate decision tonight.

1/23/25 10pmEST
cons = .5%
prev = .25%

7/30/24
act = .25%
prev = .10%

3/18/24
act = .10%
prev = -10%


USD/JPY longer time frame 100 & 200 moving averages trajectory has moderated from a steep upward slope to a relatively neutral slope, ever since BOJ .25% interest rate decision in July. The faster time frame 20 & 50 moving averages appear to be oscillating above and below the fib50 of the past year high and low. I see this as a good short USD/JPY entry as the BOJ continues to raise interest rates to stabilize the Yen value, and the FOMC rates are going down.

Trade idea:
short = 157.08
stop = 158.88
profit = 150.77

20sma = 157.08
50sma = 154.83
100sma = 151.24
200sma = 152.79
1yrhigh = 161.95
fib50 = 150.77
1yrlow = 139.58

23 Jan

Catatan