Long EURJPY, long USDJPY post BoJ

3.52 gmt.

I was looking for the key phrase – ‘open ended commitment to buy assets’ in support of the 2% inflation target and one of my favourite fx sites http://www.forexlive.com reports that the BoJ has made that commitment. So I am long as follows:

$110/pip EURJPY long at 119.67. SL at 118.90.

$110/pip USDJPY long at 89.83. SL at 89.30.

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