Well, you know what they are saying: "The market can stay irrational longer than you can stay solvent." John Maynard Keynes, English economist (1883 - 1946). Good luck.
How do you get ready, are you going to wait for the decision or have you already picked a long/short position? Or will you countertrade the decision? It looks like USDJPY, EURJPY and GBPJPY are a little overbought on a 1 hour chart, would you agree? Thanks for the heads up, will be watching!!
Well, I wish I could just pull a trading signal from my magic hat but currently I do not see anything on my "radar", as far as the Yen is concerned. Legendary trader Jesse Livermore once said : "It was never my thinking that made the big money for me, it always was my sitting". Meaning, no position is also a position. Never assume that a financial instrument is overbought or oversold, in the long run it does not pay, trust me on this one. You are welcome, if something comes up I will post it here.
Well, apparently the Japanese report is not in yet, these hot shot Japanese financial analysts are probably still busy eating their Sushi and drinking their Sake somewhere in Tokyo downtown
USD/JPY up, but first sellers could show up at around 100.55. So only 20 pips distance. So it could make a headfake --- up to turn down like what EUR/USD did last night.
Ramora: I did not know you were still around. I thought you may have been extremely bored following this thread. I assume that XE. gave you the answer you were looking for. I did go over all posts yet so did not read his answer, but his sushi picture sent me to the kitchen. Best wishes to you!