Strong USD/JPY holding in the 155 range, can I wait for a long at 155.13?
Dollar-Yen 15-minute chart
For today, I’m aiming to long around 155.1 for now
It was a roller coaster with US CPI
Overall CPI rose 2.6% year over year, acceleration not seen since March
Housing costs rose 0.4%, bigger than in September, owned rent also up 0.4%
Reacted with a decline as a result
I wondered what to do, but I couldn't help trading
According to indicator scalping rules,
If the announcement content and the initial movement match, I tradebut
I ended up doing it anyway
It was a cautious short, but
I was saved from a reversal rise without getting caught
After the reversal rise, I scalped long in small increments
I closed the long USD/JPY position that rose due to the CPI,
or perhaps the market is moving toward selling?
I view the content as dollar-buying
Later, I switched to long on the subsequent rise
Since it rose sharply,
I think it’s a taked-profit situation given the target achievement and jawboning caution
So-called pullback
I think the dollar-buying pressure is strong,
I’m aiming for a rebound
Dollar/Yen 1-hour chart
Even from the pivot-line strategy
The vicinity of 155.1 is the target
Today as well, trading while watching the US 10-year yield
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