japan CPI

are you taking DST into consideration? is your city listed in the timezone dropdown?

Well now you know the time difference. You didnt miss much anyway...relax.

In FF calendar select , for example, Eastern time (US and Canada). This is also New York time. Then find out the time difference between your place and New York. Today's Japan's CPI news was released at 7:30 p.m. New York time.
I hope this helps.

Ltljon Get yourself familiar with different time zones.. Here is a of reference..http://www.timeanddate.com/worldclock/

This an actual converter..
http://www.timeanddate.com/worldclock/converter.html

Just to try to trump merlin... heh heh... My swing trading strategy has been short USDJPY for 24 hours now...

I just added some more units short @ 116.53. Why? Take a gander at a 1 hour on a bar chart. See the Pinochio nose? That just adds to my system that short is where you should be. Basically, I'm feeling better about this trade...

Anyway... happy trading.

Current Level 116.57
Intraday high resistance 116.75 (Lots of offers lined to 117.00)
Support @ 116.40 This is a hard point as it is protecting the 116.20/10 level
to wit is a galss floor seeing a fall to 115.85/70..
Caution small acounts if you cant carry the swing providing it goes thru second attempt to breach th 116.70 area heading to 117.00

Past 5 days USD/JPY HAS HAD HIGHER LOWS WITH TODAYS LOW @ 116.41

I looked at the charts for USDJPY, EURJPY and GBPJPY. Naturally, GBPJPY has the most movement as GBP is the most expensive currency of the three.

IF you traded USDJPY with a straddle entry of ±10 pips (long at 116.57), there is totally no chance of winning as it spiked up to 116.59 before retreating back to 116.47 on the 2nd minute.

IF you traded EURJPY with a straddle entry of ±10 pips (long at 148.77), there is a slight chance of making 1-3 pips win if you are fast enough to close it in 3 seconds time. If your broker so happen to have a large spread, tough luck no chance of making any profit at all as it quickly retreated back to touch SL.

IF you traded GBPJPY with the same straddle entry of ±10 pips (long at 219.85), there is a 50/50 chance you could make a 5-10 pips win depending on your broker's spread.

Though JPY eventually weakened thereafter and the crosses soared 20+ pips above these entry points, the reaction is still not in the best interest of News Traders. The only way for you to win with this news is to have placed positions BEFORE the news. By this, it is no longer straddle the news but pure plain TOSS THE COIN. OR if you placed a larger SL which is totally not in the interest of News traders as well.

I have traded JPY news last July - ended up with a huge loss. WHY I asked. Why did JPY not respond to news? I went to do homework and digged up some basic info on JPY. JPY money on the international market is not govern by government policies (unless the Emperor dictates that 100 JPY = 1 USD). JPY on the international market is govern by Japanese Importers and Exporters. These people control the flow of JPY in the international market. These people dont give a hoot what CPI, Interest Rates, GDP figures or Trade Balance. They will buy USD, EUR, GBP whenever they need and sell excess money - repatriate yen back when they want to.

Sure you'd see a small reaction to news. These reactions are not from the core Importer/Exporters but from speculators to include foreign market players. You saw a bad JPY CPI and should result in a JPY bear. Yet what did you see? Sure it spiked up, then followed by reversal - those japanese business men were pissed with all the negative reaction and started BUYING JPY instead to show nationalism (these are just my sarcastic remarks).

Bottom Line: You have seen BoJ Interest rate hike resulting in a DUD. You have seen JPY CPI resulting in a DUD. There were 3 more JPY news in between that resulted in a DUD as well. JPY cant be news traded. It is for the Technical players.

The only hypothetical JPY news that I will trade are:
* someone assassinate their Emperor
* the Emperor banning all Japanese Anime
* Pachinko is banned altogether
You will defintely see USDJPY, EURJPY and GBPJPY going up by at least 200 pips within 2 minutes.

PS. I was wrong to have earlier stated that it will stay within ±10 pips channel. I'd like to correct myself and state it ±12 pips.

BurgerKing... Finally someone else in this forum sees my previous points on other threads.. Also #22 of this thread I posted the levels of bid/offer meaning the exporter/importer threasholds. The neg CPI did not stand much chance of gaining 30+pip's due to the stacked offers from 116.60/00 A stop was noted at 116.70 but all selling shielded that pivotal point of gained upward momentum.

Second attempt to break well above the 116.70ish area offers seem to still to be in place15 min chart below.

15 min chart

Support and Resistance are one of the Technicals that I trust. However, knowing these numbers are something I dont know how to get.

Your numbers above were indeed very accurate/correct indeed.

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

Note: Europe is in slumber so still not much upward pressure.

Just so you know, exporters don't operate in the forex as traders. The orders they are executing are to lock in specific exchange rates on money they will be receiving from products they export to consumers. If their selling it is because they don't exect to get a better rate (ie-they dont expect usd/jpy to go much higher) in the near future.

I agree that Importers/Exporters are not Forex Traders/Players. But the effects of their actions is just the same. They have the money to make significant impact on the currency market. Whenever they repatriate, JPY rallies; whenever they import (buy foreign currencies), JPY dips.

Yup, that is right, Bought at 219.79 and sold at 220.21. Glorious.

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

Consider Fading entries until after 2:00 Am EST Euro Fundamental of:German CPI

Hmmm Looks like all the calendars got the time wrong?? Well Shoot for 3:00 EST

Inflation is expected to ease as fuel and clothing costs declined.. Overall outlook is EUR/USD positive.. Whenever we get the data??

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

This is something I should note for later use. However, one need to study historic charts to know if this is indeed how europe/usa reacts to jpy news - delayed reactions.

Well we saw the same thing happen with JPY GDP this month.

Today, GBP/JPY is up alomst 200 pips post CPI release during ASIAN - UK session, it did encounterd as good as no resistence, this will make the retrace only 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 last 2 weeks... .

Anyway both pairs are at lucrative prices at the moment to take short (EUR at 149.59 and gbp at 221.58)

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

Trying to trade them at initial release will results in a burner, unless the source news is UK or EUR based. Like the ZEW indicator this week on EUR/JPY.

Regards,

Now