Nikkei now down 5.58%....USDJPY down 2.61% (Approaching the 108 handle)

Here are a couple of highlights from Kuroda's speech that i found very interesting:

- Japan's virtuous economic cycle has been maintained, corporate sentiment at favorable level. Economy will grow above potential

- CPI expected to hit 2% in FY2017. Inflation expectations have weakened lately.

- Impact of negative rates will spread to the economy, QQE having effects in financial markets. BOJ will add stimulus if needed.

Also interesting to note that the BOJ vote was 7-2. Seeing as tomorrow is a public holiday in Japan, I expect Yen to continue strengthening question is how high will it go?

160. Mr. Speaker Kenya has witnessed growing interest in online trading of foreign currency particularly among the youth. There is currently no regulatory framework to guide online forex trading in Kenya, where it is estimated that over 50,000 investors are participating through foreign registered brokers who link through the internet to access the highly liquid currency clearing centers in USA, Europe, Japan and other countries.

Providing a legal framework for the online trading of foreign currency goes hand in hand with making Nairobi an International Financial Hub. In this regard, I am proposing facilitative ammendments to the Capital Markets Authority Act following which I will be gazetting relevant regulations for effective and secure online forex trading by Kenyans.

They have come for us LOL.....

I suspect the number one priority is how much cash the government will be able to squeeze from the brokers.

High spec short volume in GBP futures. Speculators had better get it right that brexit pans out in their favour. Otherwise that short squeeze will see a GBP super spike rally that will likely be similar to that swiss euro peg breakdown! Caution with GBP trades. Margin call central is very likely to hit home and wipe out many spec accounts!

If brexit doesn't take out GBP$ 1.35 support, I expect that spectacular super spike rally!

Nigerian currency slides 31% versus the dollar after the peg was removed.
I US dollar=260 Naira

@streetwise
Now it's at 260% value with ksh.

Pound surges as Brexit opinion polls show neck-and-neck race

http://www.ft.com/cms/s/...6126f.html#axzz4C9oWohjv

Go LONG EURGBP with SL at 0.6925 and target at least 1000 pips.

AUDUSD should be sold at about 0.7580 with a SL at 0.7833. Target is >1200 pips down.