Nice work Jav. I was betting on the BOJ not making any changes to policy even though the analysts were expecting them to. The BOJ has a pattern that's held true for a long time. Once they make a major policy change, they typically give it about a year to gauge the effects before they implement again. The rally had a policy changed baked in but it's only been 3 months since they announced a negative interest rate. It wasn't in their best interest to implement another change now so the rally in the yen crosses didn't stand to reason...so shorts were the better option.
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