[7/7] Tonight's USD/JPY scalping points and methods free publication ongoing

This is Tomizaki from Trading Office.

【7/7 USD/JPY Scalping Points】

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

First, overview of the Tokyo session today.

Currently, USD/JPY is around 162.00. This morning it started around 162.05, but in the early Tokyo session the Minister of Finance JP said that “reports that the government is guiding toward lower interest rates are not true,” which led to a favored move by buyers of the yen. After 13:30 Japan time, it fell to around 161.70.

However, it held that level and rebounded, and in the end USD/JPY looks set to hand over to the overseas session roughly at the morning level.

The USD/JPY rebound may have been helped by Iran’s Foreign Minister Zarif saying, “ negotiations toward a final agreement will not begin while threats continue.” It’s still quite messy, isn’t it...

Nevertheless, it was a “give-and-take” move, but the upside seems heavy. I’m thinking a return-to-sell could be viable—what do you think?

Now, the USD/JPY scalping points for tonight.

● Movements around 16:00 London market open

● Movements after the US trade balance release at 21:30

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

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Other notes…

・There may be statements from important figures during trades (20:00 US Bowmann Fed Vice Chair remarks)

・Be careful with headlines related to BOJ FX intervention

・Be careful with headlines related to US rate hike expectations

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Tonight’s “1-minute scalping” mainly targets moves around each market open, but isn’t highly focused; the move after the 21:30 US trade balance release could be the key point. For users of the “1-minute scalping club,” handle as per theory with no issues. Also, look forward to Bowmann’s remarks.

Also, the “15-minute scalping” for shorts only, after the initial drop to around 161.70 on City Hall’s remarks, has returned to pre-decline levels, so attempting selling on rallies is also an option. The entry point would be when you can sell around the 162.00 level. I see the upside for USD/JPY as heavy...

Now the overseas session is about to begin!

Because scalping profits are small, it’s easy to think there are 24-hour opportunities, but that’s not the case. By targeting periods with relatively high volatility, you can substantially lower the difficulty of trading.

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

・London market open time (16:00 US DST / 17:00 US standard time)

・New York market open time (22:00 US DST / 23:00 US standard time)

There is also high volatility and many opportunities immediately after US indicators/events release. However, in the first few minutes after the release, spreads can widen, so the rule is to act only after spreads return to normal.

Please always check the US indicators/events schedule in advance. Knowing when opportunities will come allows you to accumulate profits efficiently.

Also, absolutely avoid positioning immediately before US indicators/events. If you go against it, you’ll be stopped out in an instant. Careless mistakes are not acceptable, absolutely.

US indicators/events schedules can be checked on the websites of various brokers and FX dealers.

Of course, there are many other points, but I’ve explained the minimum points you should grasp when scalping USD/JPY.

Also…

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

If you aim higher, please consider it.

⇒“1-Minute Scalping” using Tick Charts