USDJPY, B. Japan and FOMC Speculation Week of September 19, 2016

FX:USDJPY   U.S. Dollar / Japanese Yen
290 4 11
Ok, so I've been long the dollar for a while and it has been paying off well. I want to post economic-fundamental trades because it is an intelligent way to trade, albeit slow and steady.

Here is what I want to see going into the Japanese monetary policy statement on September 20th. I am taking the Bank of Japan's approach and getting inside their head. I want to hear "negative interest rates as a primary tool," whether it will be implemented NOW or LATER. I don't care. As long as they say it, I am happy. You may hear on Bloomberg the term N.I.R.P (Negative Interest Rate Policy for short). They don't need to implement more Q.E., that would further destroy them; however, they bank of Japan mentioned that had global factors been in their control it would have worked; but global factors are beyond their control.

Japanese Negative Interest Rates:
Again, I am pounding the table: Watch for the Bank of Japan to become more focused on a NIRP (forget Q.E.).

Japanese Inflation:
I want Japanese inflation . They have none. So far, Abe             has maintain the 2% level as a target level in a 2 year horizon for inflation . Now, if Abe             is not so smart, then he would say, "Ok, I change m mind, we are lowering our inflation target below 2%." All hell would break loose on the USDJPY             pair and it will fall like a rock. NO! It will fall like a meteorite.

I want them to tell us that they will maintain that 2% inflation target in general.

that's about it for Japan.

For the USA:
I don't care if Yellen raising rates in September, as long as she stays hawkish for December and let's us know that a hike is due this year. Then, I will be happy.

Alright, it is late. I am not going to be day trading this week, but just watching for those two central banks and rumors that may leak out. Good night New York! Good night World!

Comment: Remember that we are fundamentally long USDJPY. My stop is around 99:
Comment: I was searching for this chart. Wheeww... a lot of small day trade charts are cuttering my fundamental trades:
Comment: This is the YEN CURRENCY after the monetary policy statement of the Bank of Japan. Knocked down red. Next is the FOMC: /x/Va9WvP8K/#
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