The BoJ announcement has put a rocket yen pairs. I’ve gone long as follows:
Long $22/pip EURJPY at 120.28, SL 119.50
Long $22/pip USDJPY at 93.66, SL 93.20
I will probably exit one of these or reduce the size fairly quickly, after the initial burst has run out of steam.
I read the statement and personally I didn’t see much more than the market expectations in it. So we may get a ‘sell the fact’ effect soon. But for now, follow the price!