USD/JPY Big Trade Order 04.01.2016- Stopped

Swing

4/6 -- Stopped

4/1 -- Place Order to Buy USD/JPY 111.80 Triggered

New USD/JPY Big Trade Order

Place Order to Buy USD/JPY 111.80

Stop at 109.80

Janet Yellen’s dovish comments were significant and we believe that there’s more downside for the dollar however losses in USD/JPY will be limited by the prospect of Japanese stimulus, massive amounts of long yen positions, threat of BoJ intervention and the fact that the next move by the Fed could still happen this year

New AUD/JPY Big Trade Orders 04.01.2016 – Canceled

Swing

4/3 -- Cancel AUD/JPY order for now -- its falling because of USD/JPY and we don’t want to double up on the same trade

New AUD/JPY Big Trade Orders

Place Order to Buy AUD/JPY at 85.13

Stop at 83.13

We think USD/JPY is a buy on dip after today’s U.S employment report and we believe that the strong increase in Australian PMI along with the uptick in Chinese PMI will encourage further gains in AUD, making AUD/JPY a particularly attractive long trade.

Economic Data Calls for 04.01.2016

Weekly Calendar Calls

Here’s what we are looking for in tomorrow’s economic reports (April, 2016) — Good Luck Trading!

1. AU PMI Manufacturing (18:30 NY Time) -- Bullish AUD -- Potential upside surprise given major improvement in business confidence

2. Chinese PMI Manufacturing (21:00 NY Time) -- No Trade -- Potential downside surprise given weakest job growth in nearly a year

3. EZ PMI Revisions (3:55AM NY Time) -- No Trade -- Revisions are difficult to forecast

4. UK PMI Report (04:30AM NY Time) -- Bullish GBP -- Potential upside surprise given rise in CBI index

5. US Non-Farm Payrolls (8:30AM NY Time) -- No Trade -- NFP is notoriously difficult to predict and trade

6. ISM Manufacturing (10AM NY Time) -- No Trade -- Rise in Chicago PMI offset by drop in Philly Fed and Empire State survey