[7/10] Tonight's USD/JPY scalping points and methods are freely published

This is Tomizaki from Trading Office.

【7/10 USD/JPY Scalp Points】

Good work everyone! Alright, let’s pound the USD/JPY again tonight!

First, here is today's Tokyo session overview.

Currently, USD/JPY is around 161.65. This morning it started around 162.35, but during Tokyo hours, Finance Minister Katayama stated that he would promote domestic asset investment by pension funds such as GPIF, and that under active fiscal policy, interest rates would rise gradually, which led the market to buy the yen, causing a drop to around 161.30 just after 11:15 Japan time (the day’s Asian low).

After that, the downside narrowed somewhat, and USD/JPY was set to hand over to the overseas session with a drop of about 70 pips from the morning level.

There was a drop of over 1 yen at most, but the mention of GPIF seemed to work. It’s recovering a bit now, but if further selling arises in the overseas hours due to week-end factors, the trend might shift a bit. (Wishful thinking)

It would be nice if there is volatility on both sides, but since intervention is expected on the upside, perhaps a move lower would be preferable.

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

● Movement around the London market open at 16:00

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

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Other notes…

・Be mindful of headlines related to BOJ intervention and rate hikes

・Be mindful of headlines related to US rate hikes

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Tonight’s “1-minute chart scalping” has no major US indicators or events on the schedule that would drive market material, so the moves around market open in each session will likely be the focal points. For users of the “1-minute scalping club,” handling according to the theory should be fine. Since there was movement in Tokyo, there is also anticipation for overseas hours.

Also, for the short-only “15-minute chart scalping,” considering Katayama’s remarks making upside a bit heavier and the possibility of weekend-related selling adjustments, it could be worth aiming for selling on the rallies. The trigger point would be when a selling setup forms around the 162 yen level.

Now, overseas hours are about to start!

Because scalping targets small profit margins, people often think there are 24-hour opportunities, but that is not the case. By aiming for periods with relatively high volatility, you can significantly lower the difficulty of trading.

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

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

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

Even immediately after US indicators/events are released, volatility remains high and opportunities are plentiful. However, in the first few minutes after the release, the spread may widen, so the rule is to trade after the spread returns to normal.

Always check the US indicators/events schedule in advance. Knowing when opportunities will come helps you accumulate profits efficiently.

Also, absolutely avoid positioning immediately before US indicators/events. If you go against them, you’re likely to be wiped out in an instant. Careless mistakes are not acceptable, absolutely not.

US indicators/events schedules can be checked on each brokerage or FX provider’s website.

Of course there are many other points besides the three above, but I’ve shared the essential points you should at least keep in mind when scalping USD/JPY.

Also…

In fact, one of my trading methods, “15-minute chart scalping,” is completely free to access. I hope it can be a little helpful. (Completely free.)

⇒Scalping Method Explanatory Book “15-Minute Chart Scalping”

Also, on the following page, I’m publishing my main trading method, “1-minute chart scalping,” so if you’re interested, please take a look. (Sorry… this one is paid.)

If you’re aiming even higher, please consider it.

⇒“1-minute scalping” using tick charts