Monday 13 May.

It's been a quiet start to the week, nothing has fundamentally altered my view of short JPY or CHF trades. It currently appears September is still on the table for the first rate cut from the FED. The JPY weakness has continued in particular, and any 1hr swings created are in my opinion a viable opportunity. Although attention is now turning to Tuesday's PPI, which is a placeholder for wednesday's main event, US CPI.

So it's a question of if 1hr swings do form on the JPY charts: Will there be enough time to place a trade before the volitility PPI Could create?

Also tomorrow, UK employment data has the potential to create an 'in the moment news trade'.

My current 'decision' is to assess the climate in a few hours to see if any 1hr swings develop on the JPY charts.

Feel free to email any questions: johnelfedforexblog@gmail.com