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If you ever needed a reason why not to trade on news, the chart below provides a pretty good example of why its completely hit or miss. Coming into the Bank of Japan’s Monetary Policy Meeting, the USDJPY had been trading steadily higher as forex traders were expecting the BoJ to provide 10 trillion yen of stimulus. At the end, they came through for traders and even upped the ante to 11 trillion. But, as you can see from this chart, other than that tiny uptick as the news was announced, the USDJPY tanked on the news.