JPY GDP, Red or Not? | Forex Factory

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JPY GDP, Red or Not?

  • #1
  • First Post: Feb 13, 2007 10:02am Feb 13, 2007 10:02am
Just been looking over the history for the JPY GDP tomorrow night - the general consensus seems to be JPY news is usually a dud and doesn't move the market that much. Just curious as to why it's flagged Red on the FF calendar?
  • #2
  • Feb 13, 2007 11:02am Feb 13, 2007 11:02am
I found this article... rather lengthy discussion...

http://online.wsj.com/article/SB1170...N=wsjie/6month


Is it ok to copy and paste the article into the forum, as you need a subscription to view all of it?
  • #3
  • Feb 13, 2007 11:32am Feb 13, 2007 11:32am
Quoting benajnim
I found this article... rather lengthy discussion...

http://online.wsj.com/article/SB1170...N=wsjie/6month


Is it ok to copy and paste the article into the forum, as you need a subscription to view all of it?
Yes, I think so! As long as it's not promoting anything I think it's OK. Would be v. interested to read that, thanks
  • #4
  • Feb 13, 2007 1:16pm Feb 13, 2007 1:16pm
Ah yes, Japan GDP... Last Oct/Nov's GBP was a big mover. However, it did not last long.

Japan's GDP is mainly export and nothing much on "local-driven" component which came out flat to negative. After that (an hour or two later), JPY weakened.

It could have been a nice straddle/autoclick if you dare want to risk it. But I have stayed away news trading JPY news.
  • #5
  • Feb 13, 2007 1:21pm Feb 13, 2007 1:21pm
I would like to add to this conversation that low volume in the market during the Asian session is also a possible factor.

FJ
Stacking pips since 2002
  • #6
  • Feb 13, 2007 1:22pm Feb 13, 2007 1:22pm
Any idea what date the last one was released? I'd like to checkout historical charts.

Here is a good economist article that came out last week on the Yen.
http://www.economist.com/finance/dis...ory_id=8679006
  • #7
  • Feb 13, 2007 1:26pm Feb 13, 2007 1:26pm
how can we forget the last JPY GDP report?!? it was a stunner! i will be looking to trade this release...
Relax and be happy.
  • #8
  • Feb 13, 2007 1:38pm Feb 13, 2007 1:38pm
Being that the WSJ and Economist are suggesting the GDP numbers are A) going to be substantially higher due to weak economic activity from July thru September due to "cooler weather discouraging personal consumption" and B) that this release will be telling of the future interest rate direction....

I'm thinking there should at least be some decent volatility....
  • #9
  • Feb 14, 2007 3:52pm Feb 14, 2007 3:52pm
Another good one - 32 pips for me. Hope you made some BK...
  • #10
  • Feb 14, 2007 3:53pm Feb 14, 2007 3:53pm
Quoting forexprincess
Another good one - 32 pips for me. Hope you made some BK...
I did not realize the time; I was setting up my system when it all happend!

When you are in a loosing streak, you just know everything you do is a looser.
  • #11
  • Feb 14, 2007 3:55pm Feb 14, 2007 3:55pm
another stunner! BOJ is getting short squeezed with all that yen they sold before G7
Relax and be happy.
  • #12
  • Feb 14, 2007 3:57pm Feb 14, 2007 3:57pm
GDP Deflator is negative...

Is this relevant?
  • #13
  • Feb 14, 2007 3:57pm Feb 14, 2007 3:57pm
That was definitely a red lol. Never seen JPY news make such an impact - did my UJ short no harm hehe

Kind Regards
Steve
  • #14
  • Feb 14, 2007 3:59pm Feb 14, 2007 3:59pm
Quoting BurgerKing
GDP Deflator is negative...

Is this relevant?
yeah that is yen bearish (it signals deflation), but it doesnt look like anyone cares at the moment....
Relax and be happy.
  • #15
  • Feb 14, 2007 4:08pm Feb 14, 2007 4:08pm
Quoting BurgerKing
I did not realize the time; I was setting up my system when it all happend!

When you are in a loosing streak, you just know everything you do is a looser.

Oh no - bad luck. You know, you have to go through these phases - they make the winning streaks all the sweeter..... hope yours comes soon.
  • #16
  • Feb 14, 2007 4:08pm Feb 14, 2007 4:08pm
Well, I just added 38% to my account balance....
Good thing I like taking risk.

Edit: And am poor!
  • #17
  • Feb 14, 2007 4:13pm Feb 14, 2007 4:13pm
Quoting benajnim
Well, I just added 38% to my account balance....
Good thing I like taking risk.
that's the way to loose 50% of your account in one trade, but not today
Try hard, think fast, die young
  • #18
  • Feb 14, 2007 4:22pm Feb 14, 2007 4:22pm
I look at it like it takes money to make money, and risk is relative, and inherent to being alive.
Cheers
  • #19
  • Feb 14, 2007 4:27pm Feb 14, 2007 4:27pm
Quoting benajnim
I look at it like it takes money to make money, and risk is relative, and inherent to being alive.
Cheers
You are under the euphoria. Give it time, unless you are a real pro.
Anyway, happy trading.
Try hard, think fast, die young
  • #20
  • Feb 14, 2007 4:57pm Feb 14, 2007 4:57pm
Euphoria is fine, I'm goin to keep it comin when retail sales comes out for uk... if i can wake up that is! :
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