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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
euro
previous low hit 89 frm tunnel.
closing 3726 L at 3785 if seen
cn 3792
cn 3787
stop 3754 on 3726 long.
cn 3765..
by a unanimous vote, to set the following guideline for money market operations for the
intermeeting period:
The Bank of Japan will conduct money market operations so that the monetary base will
increase at an annual pace of about 60-70 trillion yen.
2. With regard to the asset purchases, the Bank will continue with the following guidelines:
a) The Bank will purchase Japanese government bonds (JGBs) so that their amount
outstanding will increase at an annual pace of about 50 trillion yen, and the average
remaining maturity of the Bank's JGB purchases will be about seven years.
b) The Bank will purchase exchange-traded funds (ETFs) and Japan real estate investment
trusts (J-REITs) so that their amounts outstanding will increase at an annual pace of about
1 trillion yen and about 30 billion yen respectively.
c) As for CP and corporate bonds, the Bank will maintain their amounts outstanding at about
2.2 trillion yen and about 3.2 trillion yen respectively.
3
careful dude ,, could be just local correction , back to the red circle and then down to the blue arrow and line
4 hr long now from 3726.
1 hr long heading for tunnel at 3755 see what happens..popping a little now..
goes contrary to risk off sentiment atm.
cn 3743..
sub 3700 level be stopped on long.
https://www.tradingview.com/v/uIWVmCo5/
A relief rally is anticipated, capped by a 1.37500 structure. Othewise, there are no intervening technical event to prevent further decomposition into the next bearish target.
David Alcindor