{"id":82997,"date":"2015-12-28T08:20:58","date_gmt":"2015-12-28T13:20:58","guid":{"rendered":"http:\/\/countingpips.com\/?p=82997"},"modified":"2015-12-28T08:20:58","modified_gmt":"2015-12-28T13:20:58","slug":"usdjpy-flat-eurjpy-long","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/12\/usdjpy-flat-eurjpy-long\/","title":{"rendered":"USD\/JPY: Flat, EUR\/JPY: Long"},"content":{"rendered":"<div id=\"inves-2998011682\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">December 28, 2015<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>Source: <a href=\"http:\/\/growthaces.com\">Growth Aces Forex Trading Strategies<\/a><\/p>\n<p><strong><u>USD\/JPY: Flat, EUR\/JPY: Long<\/u><\/strong><\/p>\n<ul>\n<li><strong>Friday\u2019s data showed that Japan\u2019s core consumer price index, which includes oil products but excludes volatile fresh food prices, rose 0.1% yoy in November<\/strong>, against a median market forecast for a flat reading. The rise followed a 0.1% drop in October and came as higher food prices moderated the pressure from slumping energy costs. A separate BOJ index that excludes oil and fresh food \u2013 but includes processed food prices \u2013 showed consumer prices rose 1.2% yoy in November, as companies passed on to consumers the higher import costs from a weak JPY.<\/li>\n<li><strong>But household spending suffered the biggest annual fall in eight months<\/strong>, down 2.9% in November from a year earlier and exceeding a median forecast for a 2.4% decline. Economics Minister Akira Amari was upbeat on the outlook, pointing to rising real wages and blaming weak November spending on unusually warm weather that hurt sales of winter clothing.<\/li>\n<li><strong>Today\u2019s data showed Japan\u2019s industrial output fell 1.0% in November from the previous month<\/strong>, more than a median market forecast for a 0.6% decline. Manufacturers surveyed by the trade ministry expect to increase production by 0.9% in December and raise it by 6.0% in January.<\/li>\n<li><strong>Separate data showed that retail sales fell 1.0% in November from a year earlier<\/strong>, more than a median forecast for a 0.6% drop, as warm weather hurt sales of winter clothing.<\/li>\n<li>Japan\u2019s economy narrowly dodged recession in July-September and we expect only modest growth in the current quarter, as consumption and exports lack steam.<\/li>\n<li>Wary of soft growth, the government plans record spending in the budget for the fiscal year that will begin on April 1. The proposed budget underscores the challenge Abe faces in striking a balance between the need to stimulate the flagging economy ahead of an upper house election and to curb the world\u2019s heaviest public debt burden at the same time. Tax revenue is estimated at a 25-year high of JPY 57.6 trillion on the back of rising corporate profits, allowing Tokyo to cut fresh borrowing to an eight-year low of JPY 34.43 trillion. This would bring Japan\u2019s fiscal dependence, the ratio of bond issuance to budget revenue, to 35.6% \u2013 the lowest since fiscal 2008, just before the global financial crisis hit Japanese economy.<\/li>\n<li>The government has set an interim target of reducing the primary budget deficit to 1% of GDP in fiscal 2018, aiming to limit rises in general spending to about JPY 1.6 trillion over the coming three years.<\/li>\n<li>Japanese data released today were JPY-bearish, although the market\u2019s reaction was muted. The USD\/JPY is rising slightly, but we stay sideways as we expect weaker USD in the coming days. <strong>We used EUR drop on Wednesday to get EUR\/JPY long at 131.85.<\/strong><\/li>\n<\/ul>\n<p><u><strong>MAJOR PAIRS:<\/strong><\/u><\/p>\n<p><a href=\"https:\/\/growthaces.com\/articles\/order-subscription\"><img decoding=\"async\" title=\"\" src=\"https:\/\/growthaces.com\/sites\/default\/files\/tps_major_28122015z.png\" alt=\"Daily Forex Trading Strategies - Major Pairs\" \/><\/a><\/p>\n<p><u><strong>MAJOR CROSSES:<\/strong><\/u><\/p>\n<p><a href=\"https:\/\/growthaces.com\/articles\/order-subscription\"><img decoding=\"async\" title=\"\" src=\"https:\/\/growthaces.com\/sites\/default\/files\/tps_crosses_28122015z.png\" alt=\"Daily Forex Trading Strategies - Major Crosses\" \/><\/a><\/p>\n<p><u>How to read these tables?<\/u><\/p>\n<p><strong>1.<\/strong> <strong>Support\/Resistance<\/strong> \u2013 three closest important support\/resistance levels<br \/>\n<strong>2. Position\/Trading Idea:<\/strong><br \/>\nBUY\/SELL \u2013 It means we are looking to open LONG\/SHORT position at the Entry Price. If the order is filled we will set the suggested Target and Stop-loss level.<br \/>\nLONG\/SHORT \u2013 It means we have already taken this position at the Entry Price and expect the rate to go up\/down to the Target level.<br \/>\n<strong>3. Stop-Loss\/Profit Locked In<\/strong> \u2013 Sometimes we move the stop-loss level above (in case of LONG) or below (in case of SHORT) the Entry price. This means that we have locked in profit on this position.<br \/>\n<strong>4. Risk Factor<\/strong> \u2013 green \u201c*\u201d means high level of confidence (low level of uncertainty), grey \u201c**\u201d means medium level of confidence, red \u201c***\u201d means low level of confidence (high level of uncertainty)<br \/>\n<strong>5. Position Size<\/strong> \u2013 position size suggested for a USD 10,000 trading account in mini lots. You can calculate your position size as follows: (your account size in USD \/ USD 10,000) * (our position size). You should always round the result down. For example, if the result was 2.671, your position size should be 2 mini lots. This would be a great tool for your risk management!<br \/>\n<strong>6. Profit\/Loss on recently closed position<\/strong> \u2013 is the amount of pips we have earned\/lost on recently closed position<\/p><div id=\"inves-1152338165\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<p>Source: <a href=\"http:\/\/growthaces.com\">Growth Aces Forex Trading Strategies<\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: Growth Aces Forex Trading Strategies USD\/JPY: Flat, EUR\/JPY: Long Friday\u2019s data showed that Japan\u2019s core consumer price index, which includes oil products but excludes volatile fresh food prices, rose 0.1% yoy in November, against a median market forecast for a flat reading. The rise followed a 0.1% drop in October and came as higher [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-82997","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/82997","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=82997"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/82997\/revisions"}],"predecessor-version":[{"id":83001,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/82997\/revisions\/83001"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=82997"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=82997"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=82997"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}