Last week the BOJ informed USD/JPY ranges would trade 201 pips. Broken down, 100.5, 50.25, 25.12, 12.56, 6.28. 3.14. Add 3.14 to 6.28 = 9.42.
USD/JPY day trade pips today = 73 pips = 36.5, 18.25, 9.12.
Yesterday 72 pips = 36, 18, 9.
USD/JPY 73 pip Upside levels today: 144.82, 144.91, 145.00, 145.09, 145.18, 145.27, 145.36, 145.46
USD/JPY trades day trades every 9 pips. The BOJ informed last Friday, day trades would run every 9 pips.
EUR/USD Upside levels today and practically every day at 55 pips = 27, 13, 6.5.
1.1002, 1.1009, 1.1016, 1.1023, 1.1030, 1.1037, 1.1044, 1.1051.
EUR/USD every 7 pips V USD/JPY every 9 and 2 pip differential. This is pretty much a permanent trade condition.
EUR/JPY today 80 day trade pips = 40, 20, 10. Normally 79 pips = 39.5, 19.75, 9.87
EUR/JPY Upside levels today = 159.25, 159.35, 159.45, 159.55, 159.65, 159.75, 159.85, 159.95.
EUR/USD Every 7 pips, USD/JPY every 9 pips, EUR/JPY every 10 or 9 pips. EUR/USD Differential Vs EUR/JPY = 2 or 3 pips. And fairly permanent trade condition.
The ECB in 2016 imposed Day trades to run from 2:30 am EST to 10:00 am EST. BOJ releases vital trade information at 4 ish am. My factor to USD/JPY and day trades is actually better than the BOJ as we are already trading 4 am BOJ trade information at 2:30 am.
Best trades for profit from allowable movements: EUR/JPY, USD/JPY, EUR/USD.
As the BOJ releases trade information, next post will look at ranges and pip differentials for USD/JPY, EUR/USD and EUR/JPY.
Brian Twomey
Tianzuida ON TRADING 