How should the USD/JPY trader attack today’s economic indicator release (PPI: Producer Price Index)?
As of now (February 13, 2025, 15:26), this is the USD/JPY 5-minute chart.
While making lower highs and lows, it has burst into yesterday's range upper limit, and belatedly, the adjustment to yesterday's CPI has begun.
Today there is a PPI (Producer Price Index) release at 22:30, but since yesterday's CPI was just released, attention is low.
Unless the result is a major surprise, the reaction is likely to be tepid.
Conversely, if there is a big reaction, the market may reverse quickly, soit could be a contrarian trading opportunity.
Indicator traders should stay focused and not miss the chance.
Until then, I think the market will oscillate up and down.
The original indicator I use can be downloaded for free.
↓ Download Here
While making lower highs and lows, it has burst into yesterday's range upper limit, and belatedly, the adjustment to yesterday's CPI has begun.
Today there is a PPI (Producer Price Index) release at 22:30, but since yesterday's CPI was just released, attention is low.
Unless the result is a major surprise, the reaction is likely to be tepid.
Conversely, if there is a big reaction, the market may reverse quickly, soit could be a contrarian trading opportunity.
Indicator traders should stay focused and not miss the chance.
Until then, I think the market will oscillate up and down.
The original indicator I use can be downloaded for free.
↓ Download Here
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