[7/2] Points and techniques for tonight's USD/JPY scalping free公開中

Tomizaki from the Trading Office here.

【7/2 USD/JPY Scalping Points】

Good job everyone! Let’s do USD/JPY scalping again tonight!

First, here is today’s Tokyo session overview.

Currently, USD/JPY is around 162.25. This morning USD/JPY started around 162.55, but during the Tokyo session, in addition to last night’s remarks by U.S. Federal Reserve Chair Powell that “inflation risks have declined over the past four weeks,” Reuters reported that “there is a possibility of surprise intervention by the government and the BOJ.” As a result, there has been a slight downtrend in USD and a rise in JPY, with the market leaning that way.

With Powell’s remarks and last night’s U.S. data’s below-forecast results, U.S. rate hike expectations may be retreating somewhat.

Additionally, comments by Japanese Finance Minister Suzuki yesterday have raised the possibility of U.S.-Japan coordinated intervention, so at least until the U.S. employment report is released, USD/JPY may stay heavy. USD/JPY is likely to drop about 30 pips from the morning level as it hands over to the overseas session.

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

● Movements around the London market open

● Movements after the release of the U.S. Nonfarm Payrolls and U.S. employment data at 21:30

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

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Other notes…

・Be mindful of headlines related to BOJ currency interventions

・Be mindful of headlines related to U.S. rate hikes

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Tonight’s “1-minute chart scalping” will target movements around market openings and after the 21:30 release of U.S. Nonfarm Payrolls and U.S. employment data. For users of the “1-minute scalping club,” following the theory should be fine.

Also, the “15-minute scalping” for shorts, which is specialized, may see dollar selling as U.S. rate hike expectations retreat due to Powell’s statements and last night’s U.S. data beating expectations, offering opportunities. Wait for a small pullback and enter around the mid-162 range. However, remain flat before the U.S. employment report.

Well then, thanks again for tonight!

Because scalping targets small profit margins, it might seem there are 24-hour opportunities, but that is not the case. By aiming for periods with relatively high volatility, you can drastically reduce the difficulty of trading.

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

・London market open time (UTC-8 in summer / UTC-9 in winter)

・New York market open time (UTC-4 in summer / UTC-5 in winter)

Volatility increases and opportunities arise right after U.S. data and events are released. However, in the first few minutes after the release, spreads can widen, so always wait for the normal spread before entering.

Please check the U.S. data and event schedule in advance. By knowing the times when opportunities occur, you can efficiently build profits.

Also, absolutely avoid positioning just before U.S. data and events. If you go against it, you’ll be in trouble in an instant. Careless mistakes are not allowed, absolutely not.

U.S. data and event schedules can be checked on each brokerage or FX provider’s website.

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

Also…

Actually, one of my trading methods, “15-minute scalping,” is completely available for free. I hope it can be of some help (totally free, you know).

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

If you’re aiming even higher, please take a look.

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