BoJ holds stimulus, JPY little changed

The Bank of Japan kept its stimulus package unchanged and only marginally adjusted its inflation forecast. BoJ governor Haruhiko Kuroda (still enjoying himself in Davos) said it was "too early to discuss an exit strategy". Although inflation is still well below the central bank's 2% target, the recent bout of JPY weakness has taken pressure off Kuroda & Co. to do more. Uncertainty of the effects from Trump's policies may also have played a role in the BoJ's decision to take it slowly. The JPY is little changed. I expect more JPY weakness going forward, NZDJPY long being my favoured trade idea. Looking for breakout above 83.75.

NZDJPY Daily 31/01/2017Open positions as of 31/01/2017 8:52am CET:
EURTRY short from 4.0524, unrealized return: +0.36%

Realized YTD return: +0.7% from 2 trades
Total YTD return: +1.06% from 3 trades