[6/23] Tonight's USD/JPY scalping points and methods free公開中

This is Tomizaki from the Trading Office.

[6/23 Dollar/Yen Scalp Points]

Thank you for your hard work! Let’s go with dollar/yen scalping again tonight!

First, a summary of the Tokyo session today.

Currently, the USD/JPY is around 161.55. This morning, it started around 161.45, but during the Tokyo session it traded in a narrow range as the dollar-buying mood clashed with the alert for possible dollar-selling/yen-buying intervention by the government and the BOJ, resulting in little movement.

Last night in the New York market, headlines that Finance Minister Katayama and U.S. Treasury Secretary Yellen held an online meeting caused a roughly 1 yen drop, indicating that intervention risk remains quite high in the market. Also, the return of the phrase “decisive measures” in Minister Katayama’s remarks is a key point. Foreign players are very sensitive.

I expect no intervention until we break into 162 yen (though this is just my personal view...), but if we push into 162 and bounce, a sudden drop could occur.

USD/JPY is likely to hand off to overseas trading at roughly the morning level.

Now, the points for tonight’s USD/JPY scalping.

● Moves around around the 16:00 London market open

● Moves around around the 22:00 New York market open (Dow opens at 22:30)

● Moves after the 22:45 US Manufacturing PMI release

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Other notes…

・Be mindful of headlines related to US-Iran

・Be mindful of headlines related to BOJ currency intervention

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Tonight’s “1-minute chart scalping” will likely target moves around each market open plus the moves after the 22:45 US PMI release. For “1-minute scalping club” users, following the standard approach should be fine.

Also, the short-only “15-minute chart scalping” strategy is seeing heightened intervention fears due to the Katayama/Yellen collaboration, so it’s worth trying. The entry point would be when you can sell above the mid-161s. However, the dollar-buying sentiment continues, so think of it as trading in smaller increments.

With that, overseas trading time is about to begin!

Because scalping profits per trade are small, it’s easy to think there are 24-hour opportunities, but that’s not the case. Targeting time periods with higher volatility will significantly reduce the difficulty of trading.

The times I target are around the London Open and around the New York Open.

・London Open time (U.S. daylight time 16:00～ / U.S. standard time 17:00～)

・New York Open time (U.S. daylight time 22:00～ / U.S. standard time 23:00～)

Volatility increases and opportunities arise immediately after U.S. data/events are announced. However, in the minutes right after the release, spreads can widen, so the rule is to enter only after normal spreads have returned.

Always check the U.S. data and event schedule in advance. Knowing when opportunities may come helps to efficiently accumulate profits.

Also, avoid positioning immediately before U.S. data/events. If you go against it, you’ll be wiped out in an instant. Carelessness is not allowed, absolutely.

U.S. data/event schedules can be checked on the websites of brokers and FX providers.

Of course, there are many other points, but I’ve explained the minimum points to keep in mind when scalping the USD/JPY.

Also…

Actually, one of my trading methods, the “15-minute chart scalping,” is completely free to access. I hope it’s somewhat helpful. (Completely free, you know.)

⇒“15-Minute Chart Scalping” manual

Also, on the following page, my main trading method, the “1-minute chart scalping,” is also published, so if you’re interested please check it out. (Sorry… this one is paid.)

If you’re aiming higher, please consider it.

⇒“1-minute chart scalping” using tick charts