The Fundamental FOREX Blog

On Thursday, 12-24-09 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

There are 2 additional reports this time.

The additional reports are:

JPY Jobless Rate
JPY Household Spending (YoY)

I did a “follow up” of last months report. click here to see what happened.

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“.

Last month I had a winning trade with the currency pair GBP/JPY – it moved the most.

Here is what Is happening tomorrow:

JPY Tokyo Core Consumer Price Index YoY – Stats

Previous = -1.9%

Forecast = -1.8%

JPY National Core Consumer Price Index YoY – Stats

Previous = -2.2%

Forecast = -1.7%

Again, 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.

Here is my set for tomorrow:

JPY-4-30PM-12-24-09
Looking for a 0.2% difference
Actual > Forecast = Good for JPY
JPY Tokyo Core CPI y/y
actual.  forecast.  previous
.              -1.8%    -1.9%

JPY National Core CPI y/y
actual.  forecast.  previous
.            -1.7%         -2.2%
Out at -1.6% SELL  GBP/JPY
Out at -2.0% BUY  GBP/JPY
Watch that there is no conflict

I will post a “follow up” soon after.

The next scheduled release of these two reports on Thursday, 01-28-10 at 6:30 PM ET, at this point in time re will additional reports released at the same time.

Sometimes these schedules change!!!

I did post a “follow up” soon after, click here to see what happened.

Stay tuned!