(P) GBPJPY: Post-BOJ Drop. But Don’t Be Fooled! Short & Long Term Projections.

GBPJY: BOJ Caused Expected Drop. Does Not Change Overall Picture. So GBPJPY dropped as was expected it would. I foolishly closed my SHORT trade beforehand as I got caught up in the hype that the BOJ was surely going to cut rates further and increase the QE. As I said before and will continue to say, fundamentals are quacky! Now…

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