On Thursday, 01-28-10 at 6:30 PM ET, the Japan Statistics Bureau released the monthly JPY Tokyo Core Consumer Price Index and JPY National Core Consumer Price Index YoY reports
There were 2 additional reports as well.
The additional reports are:
JPY Jobless Rate
JPY Household Spending (YoY)
I did a “preview” post of these reports. Click here for a review.
Even though I did set up to trade the GBP/JPY currency pair, the two major reports did not come out in the same direction – so I did not enter a trade.
Here is what Is happening with these 2 reports:
JPY Tokyo Core Consumer Price Index YoY – Stats
Previous = -1.9%
Forecast = -1.8%
Actual = -2.0%
JPY National Core Consumer Price Index YoY – Stats
Previous = -1.7%
Forecast = -1.3%
Actual = -1.3%
Here is how I was set up and what happened:
JPY-4-30PM-01-28-10
Looking for a 0.2% difference
Actual > Forecast = Good for JPY
JPY Tokyo Core CPI y/y
——actual———-forecast———-previous
_____-2.0%_____-1.8%________-1.9%
Bad – “actual” came out lower then “forecast” by 0.2%
Bad – “actual” came out lower then “previous” by 0.1%
JPY National Core CPI y/y
——actual———-forecast———-previous
____-1.3%________-1.3% ______ -1.7%
Out at -1.6% or higher SELL GBP/JPY
Out at -2.0% or lower BUY GBP/JPY
Neutral – “actual” came out just as “forecast”
Good – “actual” out higher then “previous” by 0.4%
Here are the charts:
a one minute AUDJPY chart
This currency pair AUD/JPY currency pair moved up for 40 minutes about 30 PIPS – right direction
a one minute CAD/JPY chart
This currency pair CAD/JPY currency pair moved up for 40 minutes about 34 PIPS – right direction
a one minute EUR/JPY chart
This currency pair EUR/JPY currency pair moved up for 40 minutes about 35 PIPS – right direction
a one minute GBP/JPY chart
This currency pair GBP/JPY currency pair moved up for 30 minutes about 38 PIPS – right direction
a one minute USD/JPY chart
This currency pair USD/JPY currency pair moved up for 40 minutes about 18 PIPS – right direction
The next scheduled release of these two reports on Thursday, 02-25-10 at 6:30 PM ET, at this point in time there may be additional reports released at the same time.
I will probably post a “preview“ a day or two prior.
Stay tuned!
