USDJPY - Nice bullish run, followed by a .382 retracement - BUY

FX:USDJPY   U.S. Dollar / Japanese Yen
680 11 12
With the news of Japan deciding to continue to print more and
more money, further devaluing it's currency, We saw a hug bullish
move last week with a brief pull-back. Price came down and touched
the .382 FIB and also found support on the 34-EMA low line.

All of this adds up to a very good opportunity to go LONG.

-Good Luck!
I'm sorry, but you are misinformed, and you are not alone. QE is not money printing. Period. It is an asset swap. One asset, cash, is exchanged for another asset, a bond. No money is being printed, and no money is being "given away". I'm sorry if you don't understand that.
-1 Reply
toxguy749s PRO SetagayaGirl
SetagayaGirl- More important that "what is a QE?" is "How are the markets reacting?" Your curt response suggests you are offended but I believe most people are here to make money. To that end, all that matters is the net effect on price. This asset swap has a negative net effect on yen price vs the USD. In fact, I'd be willing to bet that it has the same net effect as printing a lot of extra money. :-) Happy trading!
I well understand what you are saying. But no, however, the term "printing money" is both inaccurate and misleading. If the BoJ were actually *printing* this much money, the yen would already be at 200 on its way to 500. Cheers
Dale_Ansel PRO SetagayaGirl
"We Just Need To Print More Money" Bank Of Japan's New Board Member Clarifies Endgame
Tyler Durden's pictureSubmitted by Tyler Durden on 02/06/2015 18:40 -0500


The Abe administration nominated a major proponent of reflationary (inflationary) monetary policy to the central bank’s board, buttressing Governor Haruhiko Kuroda’s efforts to save the nation from the dread of deflation. As Bloomberg reports, economist Yutaka Harada, who will replace Ryuzo Miyao, has said Japan can beat deflation by printing money in a 2013 book "Reflationary Policy Revives Japan’s Economy." So far that is not working so try harder... “The nomination is a good news for Kuroda... he will keep a majority on the board and win what he wants." Why such good news? As deputy director at the finance ministry’s Policy Research Institute, Harada exclaimed, "we just need to print money."

As Bloomberg reports, “Harada has been a well-known monetarist and a strong supporter on quantitative easing,” Masaaki Kanno, an economist at JPMorgan Chase & Co., wrote in a note...

In an interview with Bloomberg News in 2002, Harada said the central bank held the key to ending deflation, which began to grip the economy in the late 1990s as Japan stumbled into a recession amid a banking crisis.

“We just need to print money,” said Harada, who was a deputy director at the finance ministry’s Policy Research Institute at the time.

“If the BOJ buys all of the bonds from Japan’s debt market, that will create inflation without a doubt. That’s it,” Harada said. “Deflation will be over if the BOJ buys them under the condition that it would continue the purchases until 2 or 3 percent of inflation is achieved.”

In 2012 paper published before Abe took office pledging to shake Japan out deflation with Abenomics, Harada said the “absence of any real monetary policy” had contributed to Japan’s two decades of stagnation.
ZeroHedge? You're quoting ZeroHedge? :)
Dale_Ansel PRO SetagayaGirl
Now you don't like who I quote? hard woman to please..... :)
Yeah, hard to please. :) ZH, of course, has been wrong for years (we're still waiting for that hyperinflation they started calling for in '09), and were one of the first with "money printing", which is of course NOT what it is, and just confuses people who don't know better.
Dale_Ansel PRO SetagayaGirl
So....all of the rhetoric regarding the "printing of money" aside what do you think of the setup and outcome of this trade. 200+ pip move to the upside. =)
Dale_Ansel PRO toxguy749s
well said.
I'm sorry, but Japan is not printing money. (Not to get into education here, but neither did the US.) And what "news" are you referring to, please?
-1 Reply
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