Next up on the central bank trading merry-go-round is the BOJ
Part two of the central bank trade ideas.
Yesterday I asked what your FOMC trades were going to be and thanks for a great response.
We had folks looking to short NZDUSD, long EURJPY, short AUDUSD, long USDCAD and sell USDJPY into the announcement and buy a dip after. In the main, most people seem to have picked the right trade.
I'm nursing my USDJPY long from 104.55 still and I'd like to see the 104.85/90 broken so we can have a look at 105.00.
So here we are again, awaiting Captain Charisma to pull a rabbit out of the hat. Adam thinks it's a done deal, do you agree? If you do or don't, what trades are you going to be looking at?
King Kuroda: Searching for that elusive monetary policy fix