The yen got sold across the board as the Bank of Japan announced new easing steps. With a vote of 5-4 the Bank raised its bond buying program from 70 to 80 trillion. The BOJ also trippled its ETF buying to 3 trillion yen. The move was unexpected and it's no wonder the result is a massive selloff in the yen pairs.
I managed to take a small slice of the move, +36 pips on the GBP/JPY, +22 on the USD/JPY, +21 pips on the EUR?/JPY and +32 on the AUD/JPY. I also took some small GBP/JPY scalps that ended up in the profit. This propelled me to the number 3 position. Since this is the last day of the trading contest I will keep my strategy for today secret. Good luck everyone!
I managed to take a small slice of the move, +36 pips on the GBP/JPY, +22 on the USD/JPY, +21 pips on the EUR?/JPY and +32 on the AUD/JPY. I also took some small GBP/JPY scalps that ended up in the profit. This propelled me to the number 3 position. Since this is the last day of the trading contest I will keep my strategy for today secret. Good luck everyone!