On Thursday, 11-26-09 at 6:30 PM ET, the Japan Statistics Bureau will release the monthly JPY Tokyo Core Consumer Price Index and JPY National Core Consumer Price Index YoY reports
Last month was my first post for these two reports, there were 7 other economic reports being released as well – at this point on time I do not have any idea how those 7 reports will affect the currency market.
The additional reports are:
JPY Jobless Rate
JPY Job-To-Applicant Ratio
JPY Household Spending (YoY)
JPY Tokyo Consumer Price Index (YoY)
JPY Tokyo Consumer Price Index Ex Food, Energy (YoY)
JPY National Consumer Price Index (YoY)
JPY National Consumer Price Index Ex Food, Energy (YoY)
The last time these two major reports were released on Thursday, 10-29-09 at 7:30 PM ET.
I did a “follow up” of last months report. Click here to see what happened.
I had not set up to trade this report last month, but wanted to watch and see what was going on, I liked what I saw.
I will set up to trade the GBP/JPY currency pair if the two major reports come out in the same direction with the “actual” Tokyo Core Consumer Price Index having a difference of 0.2% or more from the “forecast“.
Here is what Is happening tomorrow:
JPY Tokyo Core Consumer Price Index YoY – Stats
Previous = -2.2%
Forecast = -2.0%
JPY National Core Consumer Price Index YoY – Stats
Previous = -2.3%
Forecast = -2.2%
This time it appears that the two report “forecast” are not at odds.
I repeat, I will set up to trade the GBP/JPY currency pair – if both reports are not in conflict and there is a difference between the “actual” and the “forecast” of 0.2% or more.
Check out last month.
I may enter a trade if the market is moving.
I did post a “follow up” report of the results, click here to see what happened.
The next scheduled release of these two reports on Tuesday, 12-22-09 at 8:30 PM ET, at this point in time re will additional reports released at the same time.
Sometimes these schedules change!!!
I will probably post a “preview“ a day or two prior.
Stay tuned!
