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Japan News Today

  • #1
  • First Post: Aug 9, 2006 3:21pm Aug 9, 2006 3:21pm
There are three indicators that will be announced by Japan today at 7:50pm Eastern:

  1. Corporate Goods Price Index m/m
  2. Current Account
  3. Trade Balance

Is there anybody out there that has had the chance to trade based on these indicators? Could you share your experience with us? Should we expect a great move on USDJPY?

Thanks in advance,
Al

  • #2
  • Aug 9, 2006 3:56pm Aug 9, 2006 3:56pm
Japanese news rarely move the market much. Its not like EURO, USD AND GBP news.
  • #3
  • Aug 9, 2006 4:17pm Aug 9, 2006 4:17pm
we could get a little volatility from the CGPI because it has to do with inflation, which is critical in japan right now (as it is in the rest of the world). trade balance and current account are basically the same thing, and wont have much influence.
Relax and be happy.
  • #4
  • Aug 9, 2006 6:43pm Aug 9, 2006 6:43pm
Thanks guys. In this case I just watch the market and most probably stay away from trading.
  • #5
  • Aug 9, 2006 7:05pm Aug 9, 2006 7:05pm
What was the news results?

Was it bullish or bearish for JPY?

I have a short in CAD/JPY from 112.54 and am very worried..
fxtrada.com
  • #6
  • Aug 9, 2006 7:15pm Aug 9, 2006 7:15pm
Quoting lifetime_trader
What was the news results?

Was it bullish or bearish for JPY?

I have a short in CAD/JPY from 112.54 and am very worried..
Use your brokers news service. They usually release the reports within five minutes. Either that or go to Trade the News website, usually place latest reports on main page about 5-10 minutes after report.
The market is my nation. Traders, my family. Hello, brothers and sisters!
  • #7
  • Aug 9, 2006 7:19pm Aug 9, 2006 7:19pm
Quoting lifetime_trader
What was the news results?

Was it bullish or bearish for JPY?

I have a short in CAD/JPY from 112.54 and am very worried..
Then you shouldn't be in the trade. Did you overleverage?
Mr. Trend
  • #8
  • Aug 9, 2006 7:29pm Aug 9, 2006 7:29pm
Quoting Mr Trend
Then you shouldn't be in the trade. Did you overleverage?
A bit (actually I miscalculalted the no. of pipes movement and volatility for this pair), my SL price is 113.20
fxtrada.com
  • #9
  • Aug 9, 2006 7:44pm Aug 9, 2006 7:44pm
Quoting lifetime_trader
What was the news results?

Was it bullish or bearish for JPY?

I have a short in CAD/JPY from 112.54 and am very worried..
I was watching the market for over half an hour and I can assure you that as mentioned by our fellows the news had no effect on the market movement. The dollar-yen was trading in 115.22-115.44 range with 115.34 being as median and it is still in that range after over 50 minutes of the news release.

My broker published the news about 10 minutes after the indicated release time. I'm not quite sure if the delay was because of the Japanese system or my broker's fault. Anyway, I don't think it even worth it to watch in the future.

BTW, I asume that the results will get posted on the Forex Factory calender very soon. Here is the link: http://www.forexfactory.com/index.php?page=calendar
  • #10
  • Aug 9, 2006 9:03pm Aug 9, 2006 9:03pm
Quoting lifetime_trader
A bit (actually I miscalculalted the no. of pipes movement and volatility for this pair), my SL price is 113.20
CADJPY is not even close to that area. It's in the 10x area... what pair are you talking about? Can't be talking about USDJPY either, unless you entered short in May???
Mr. Trend
  • #11
  • Aug 9, 2006 9:14pm Aug 9, 2006 9:14pm
I'd rather wait for any juicy CNY (chinese Yuan) related gossips to trade the JPY.

JPY dont react well to japanese news - good or bad. but it reachs well to news coming from china ???
  • #12
  • Aug 9, 2006 9:39pm Aug 9, 2006 9:39pm
Quoting Mr Trend
CADJPY is not even close to that area. It's in the 10x area... what pair are you talking about? Can't be talking about USDJPY either, unless you entered short in May???
:surprised
  • #13
  • Aug 10, 2006 3:54am Aug 10, 2006 3:54am
Quoting Mr Trend
CADJPY is not even close to that area. It's in the 10x area... what pair are you talking about? Can't be talking about USDJPY either, unless you entered short in May???
Sorry, was a tpo there. I meant my stoploass was at 103.20.

I exited today at breakeven.
fxtrada.com
  • #14
  • Aug 10, 2006 3:56am Aug 10, 2006 3:56am
JPY dont react well to japanese news - good or bad. but it reachs well to news coming from china ???[/quote]

  • #15
  • Aug 10, 2006 7:57am Aug 10, 2006 7:57am
Kolachi it is is true. Chinese interest rates and Yuan strenghtening and weakening affect the JPY. I think trade beween Japan and China has something to do with it.



Quoting kolachi
JPY dont react well to japanese news - good or bad. but it reachs well to news coming from china ???
[/quote]
  • #16
  • Last Post: Aug 10, 2006 8:02am Aug 10, 2006 8:02am
[quote=Yardie]Kolachi it is is true. Chinese interest rates and Yuan strenghtening and weakening affect the JPY. I think trade beween Japan and China has something to do with it.

Yeah it istrue but the wording of the sentecne were so rythamic that I could not resist laughter.It came to my mind that how naughty JPY is that she has a direct affair with a Yuan while it is wedlocked with Usd.
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