The BoJ must maintain current monetary stimulus | 18 May 2022

USDJPY trading plan:

The Bank of Japan must maintain current monetary stimulus to create sustainable increases in prices, corporate profits, jobs and wages. With inflation in Japan far below levels in the United States and elsewhere, the BOJ is lagging well behind other major central banks in dialing back crisis-mode stimulus. If monetary stimulus is reduced now, that would cause downward pressure on the economy, making 2% inflation even more of a distant target. "What's important is to continue our powerful monetary easing to firmly support economic activity of companies and households," Masayoshi Amamiya told lawmakers.

Investment idea: buy 129.14 and take profit 129.69.