Predictions on the JPY news today?

Just wondering on everyone's take on what the news will do to the price of the yen this afternoon. Seems like a lot of news is going to hit. Everyone's take?

I am not interested in JPY news personaly cause they have very low volatility after news...

Well I wont be trading the JPY news because in the past it just has not been a big mover. However if you plan to trade in keep in mind with so many reports coming out, it makes it harder to predict which direction the currency may go.

only prediction i got is that if the yen strengthens, the BOJ will be in there sellin!

Love it Merlin. USD/JPY isn't known as the 'trader's graveyard' for no reason.


: )

Folks,

Does anyone know which among all those million JPY news items releasing at 7.30 ET is the most important ( will have the largest impact?).

Thanks

i always say it is the Tokyo Core CPI, but some disagree with me. they say National Core CPI is more important, but i cant see how that can be. Sure, Tokyo is a smaller population, but its release a full month ahead of national CPI!

FF says:<TABLE class=tborder cellSpacing=0 cellPadding=3 width="100%" align=center border=0><THEAD><TR><TD class=alt1 align=middle></TD><TD class=alt1>Overall Household Spending y/y</TD><TD class=alt1 align=middle>http://www.forexfactory.com/forexfor...isc/mi_med.gif</TD><TD class=alt1 align=middle>4.1</TD></TR></THEAD><TBODY></TBODY></TABLE>

but another news source says Household is down -4.3%.

I'm sure the incorrect source will be corrected soon...

On days like this, there really isn't a "most important" release. You have to take them all into account to glean the directional bias...

It makes me giddy every time I hear someone say something like this.

Anyone trading the Tankan report out shortly???

I shorted at 118.10 friday on mid-september highs, Will TP at 117.50-117.00, I agree on the upcoming news may not move either way, may see the 117.50 intra-day over the next 2-3 days....

Still learning bout the Yen but I'm expecting a good report...good employment, good building...hoping it'll lead on into the Tanken report. Short on the Eur/yen @ 149.80 since Fri also

+7 on the initial spike down.

man this is a really bullish report for the yen. but the BOJ is in there depressing it:

did you see them catch all the buy orders?? they were ready!

This is good news for the JPY YEN but yet the Eur/Jpy is going Up.. I thought with news like this it would go down.

Any takes why this is happening?

Like we all thought, flat trading, still in the short, will ride it over the next few....Still think its trading higher than expected.

Quick post on the result, Merlin~ Cool

its the BOJ, they are selling yen. im far from a conspiracy theorist, this is just a known fact that they directly defend their currency, and its plain to see. if you can figure out when and why the BOJ is doing things, you can make some good money. for instance, today before the report, if you went short yen that would be a good trade. BECAUSE you know that if the report comes out yen bullish, the BOJ will be there to sell yen. and if comes out bearish, well, thats even better cause everybody will be selling. the probabilities on a trade like that are pretty good.

lol I dunno who was doing the buying bit they;re fast readers Gonna hold on till tomorrow see how it pans out. Off to read report now :