The BoJ has more destructive power than any other monetary entity. Even the Fed is short.
Printable View
The BoJ has more destructive power than any other monetary entity. Even the Fed is short.
Japanese monetary policy is like seeing anime: intense, unpredictable and sometimes surreal.
You couldn't have said it better! The JPY should come with a warning of graphic epilepsy.
For me, if there's a BoJ communication, the market becomes a casino, and I don't play without a trick.
Has anyone tried to operate this with news, or am I just crazy?
I tried... once. I almost lost count and dignity.
I use options to cover myself during events like this. It’s not perfect, but at least I don’t die trying.
The volatility in those moments is literally unbreathable. You’re in and suddenly you’re gone.
Seeing the spread expand from 0.3 to 7.4 in seconds was my divine signal to close everything.
More than a divine sign, it was a punch of reality. Welcome to the real world of trading.