BoJ most recent announcement of UNLIMITED AMOUNT OF JBP PURCHASE

12 Nis 2022

Whats up everybody, hope everyone is doing well. The most recent action from the BoJ announcing an unlimited amount of JBP purchases has sent YEN sliding across all pairs. UK jobless rate falls further below pre-pandemic rate. Really there is no SHORT TRADE on GBPJPY, if there is it will be relatively SHORT LIVED. ALL the data points above are screaming LONG GBPJPY. Align this with your own chartwork, and see how this performs.

12 Nis 2022

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