Thread: japan CPI

Originally Posted by ;

Euro session began and also it strongly reacted against JPY.
Reactions are from europeans NOT from japanese.

This is some thing I should note for later use. However, 1 have to research historic charts to know when this is how europe/usa responds to jpy news - reactions.

Well we watched the same thing occur with JPY GDP this month.

Now, GBP/JPY is upward alomst 200 pips post CPI launch during ASIAN - UK session, it did encounterd as good as no resistence, this will produce the retrace just as strong as well.

EUR/JPY on the other hand is facing strong resistence towards the 150 level that the market is trying to reach the previous 2 weeks... .

Anyhow both pairs are at lucrative prices now to take brief (EUR in 149.59 and gbp in 221.58)

From my observation and study, EUR and GBP JPY pairs are best for post-release trading.

Attempting to trade them at first release will lead to a burner, unless the source news is UK or EUR based. Like the ZEW indior this week on EUR/JPY.

Regards,

Originally Posted by CURRENCYANALYST ;

USD/YEN producing new daily highs testing the high of 8-22 117.00 level next defendant strong resistance derived from:76.4% of: 117.90-114.00

Euro session started and with it strongly reacted against JPY.
Reactions are out of europeans NOT out of japanese.

That is something I should note for later use. But, 1 need to study charts to know if this is how europe/usa responds to jpy news - delayed reactions.

Hmmm Seems like the calendars got the time Well Take for 3:00 EST

Inflation is expected to facilitate as gasoline and clothing prices dropped. . Outlook is EUR/USD positive. . We receive the information??

Consider Admissions until Am EST Euro Fundamental of:German CPI

USD/YEN producing new daily highs testing the high of 8-22 117.00 level next suspect strong resistance derived from:76.4% of: 117.90-114.00

Yup, that's right, Bought at 219.79 and marketed at 220.21. Glorious.

Originally Posted by Darkstar ;

Just so that you understand, exporters don't operate from the Currency Market as traders.

I concur that Importers/Exporters are not Forex Traders/Players. But the ramifiions of the actions is the same. They have the money to produce substantial effect on the currency market. Any time they repatriate, JPY rallies; whenever they import (buy foreign currencies), then JPY drops.

Originally Posted by ;

Seems that lots of JPY exporters are interested in protecting their profits.

Just so you know, exporters don't operate in the forex as traders. The orders they're executing would be to lock in exchange rates on money they will be receiving. If their selling it's because they don't exect to get a better rate (ie-they dont expect usd/jpy to go considerably higher) in the not too distant future.

Originally Posted by CURRENCYANALYST ;

For the ones that care to trade the Asian news here are the Fundamental levels to assist you determine when to get out whenever the momentum settles...

USD/YEN
Offers: 116.60/00
Stops Above 116.70
Bids: 116.00 (148.50 EUR/JPY)
Current Level 116.43 Resting lower 18/28 combo tube 15 minute chart
Potential stalls of counter currency: :
Eur/USD Bids: 1.2750/55 Stops Below
Further Demand 1.2720/10
Offers: 1.2840/60
Current Level 1.2759 condition sideways Resting under 21 SMA 15 min chart
lt;! -- / message -lt;! -- sig -__________________

Support and Resistance are one of those Technicals I trust. However, knowing these amounts are something I dont understand how to get.

Your amounts above were indeed very accurate/correct indeed.

USDJPY is hoping to break out of the resistance 116.7 for the 2nd time, it seems to be falling off. Seems that lots of JPY exporters are interested in protecting their profits.

Note: Europe is at slumber thus still not much upward pressure.

1 Attachment(s) 15 min chart