This report is coming back into focus, in fact, Inflation around the world is being watched more closely than in previous months. Today there are 4 main lines of data released, which are: - CPI - Core (M/M) – Month on Month CPI - Core (Y/Y) - Year on Year CPI (M/M) – Month on Month CPI (Y/Y) - Year on Year The focus is on CPI - Core (M/M) I’m looking for a Deviation of 0.2% or greater in either direction from the forecast of 0.2% to take a trade. So, an actual figure of 0.0% to Sell USD or 0.4% to Buy USD. I will trade USDJPY As long as CPI - Core (M/M) deviates by 0.2% or more and the other 3 lines of data (which come at the same time) do not conflict then we should expect a good reaction from USDJPY! Check out last month’s 0.2 deviation, and bear in mind that I expect the same deviations to create a better reaction today! See Charts here -> http://calendar.galaxysoftwareinc.c...naws.com/#/calendar;i=28287;t=2021-02-10;r=M1 We can see a small but gradual move over one minute. Most of last year, the same deviations were not moving the market, as conditions were very different then but I believe the focus is back. Here's an example of how poor the move was with similar deviations back in Nov 2020 See Charts here - > http://calendar.galaxysoftwareinc.c...naws.com/#/calendar;i=24281;t=2020-11-12;r=M1 Good luck! James Thatcher
I'm sure this number will be perfect to keep the markets calm. A slight uptick and the 10 yr goes to 1.65+++