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ERA · 23-11-2004, 05:51

''What economic reports/news have the biggest knee-jerk effect on the USD/JPY prior to the asian market open or during its most active times?''

Hi cv6vb10,

This is a tough one, I think important things to watch regarding JPY, is the price of Crude, this is very important to Japan as they are 100% oil importers. The price of oil has a big impact on how the Nikkei performs, high oil prices are negative on their stocks and visa verse. How the Nikkei does is reflected in the exchange rate often , especially when the Nikkei starts having a good run.

Then of course there is the BOJ (Bank of Japan), they hate seeing the yen getting stronger as it adversely affects exports. So every now and again they either threaten fx intervention or do intervene in the fx market often causing 100 pip plus moves in seconds. These are usually unanounced interventions which can be hazardous to small traders account balances and something that is always in the back of your mind which makes trading yen a little more edgy.

''What economic reports/news have the biggest knee-jerk effect on the EUR/USD prior to the Eurpean market open or during its most active times?

Where is the a good place to find a daily schedule of the important economic numbers as they relate to each market opening?''

Try www.forexnews.com, they have a good fx calendar on their home page, www.fxstreet.com, also has, and GFT should also have a calendar available on their site or in DB2. In my experience European data usually has a milder effect on rates that US data, I am not sure if that is because there are less surprises in the euroland data.

Hope this helps some

Cheers

23-11-2004, 05:51	#6 (permalink)
ERA level 1 Join Date: Dec 2003 Posts: 73 Rep Power: 0	''What economic reports/news have the biggest knee-jerk effect on the USD/JPY prior to the asian market open or during its most active times?'' Hi cv6vb10, This is a tough one, I think important things to watch regarding JPY, is the price of Crude, this is very important to Japan as they are 100% oil importers. The price of oil has a big impact on how the Nikkei performs, high oil prices are negative on their stocks and visa verse. How the Nikkei does is reflected in the exchange rate often , especially when the Nikkei starts having a good run. Then of course there is the BOJ (Bank of Japan), they hate seeing the yen getting stronger as it adversely affects exports. So every now and again they either threaten fx intervention or do intervene in the fx market often causing 100 pip plus moves in seconds. These are usually unanounced interventions which can be hazardous to small traders account balances and something that is always in the back of your mind which makes trading yen a little more edgy. ''What economic reports/news have the biggest knee-jerk effect on the EUR/USD prior to the Eurpean market open or during its most active times? Where is the a good place to find a daily schedule of the important economic numbers as they relate to each market opening?'' Try www.forexnews.com, they have a good fx calendar on their home page, www.fxstreet.com, also has, and GFT should also have a calendar available on their site or in DB2. In my experience European data usually has a milder effect on rates that US data, I am not sure if that is because there are less surprises in the euroland data. Hope this helps some Cheers