Quote 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,