JPY has plummeted today after the Bank of Japan announced that it included negative interest rates in its policy arsenal. Until as lately as last Thursday the BoJ governor Kuroda emphasised that the bank not consider negative rates. But now that the ECB is promising more QE in March governor Kuroda is taking a leaf of out of Swiss National Bank’s book and introduces negative rates to prevent safe haven flows into Japanese currency.
This created a huge up move in USDJPY and EURJPY among the others. Such a volatility means that traders who know what they are doing will make vast amounts of money with a higher certainty and relatively fast. When market has momentum trading gets easier, but you have to know what to look for. In next Tuesday’s Live Analysis Webinar I will teach you techniques that will help you to identify these opportunities and make money instead of sitting in the sidelines while others (those that are in the know) enjoy the action!
The above chart shows a beautiful up move that everyone would love to catch. Our Senior Currency Strategist John Knobel identified a bullish setup a few days ago and helped our traders to be long USDJPY before Kuroda annouced the surprise news. However, if you missed John’s trade idea, you surely want to have tools for engaging the market after the news comes out!
Register HERE! The next Live Analysis Webinar will start in:
Chief Market Analyst
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