16 February 2022, USD/JPY
USDJPY trading plan:
The Bank of Japan's offer to buy an unlimited amount of government bonds to defend its yield target was a tool of "last resort" that won't be deployed frequently, its Governor Haruhiko Kuroda said. Kuroda said the central bank will balance the need to support the economy with ultra-loose monetary policy, and mitigate the rising cost of prolonged easing such as the hit to bank profits from years of low interest rates. Kuroda said the BOJ stepped into the market because the recent rise in JGB yields was driven by factors unrelated to Japan's economy, such as rising overseas interest rates.
Investment idea: buy 115.40 and take profit 115.95.
en 
id 
ar 
ru 
vn 
es 
pt 
kz 
ua 
tj 
uz 
az 
ms 