Latest Published Trading Plan

USD/JPY · FreePublicIssue №159

Historical Trading Plan

Viewing the published Trading Plan for FRIDAY 23 OCTOBER. Live market monitoring is only available for today's Trading Plan.

AsianLondonNew York

Today's Outlook

Patient Trading Day

Wait for London to define USD/JPY's high and low after JPY National CPI (YoY) at 00:30 UK and PMI releases at 01:30 UK. USD Composite PMI, Manufacturing PMI and Services PMI are scheduled at 14:45 UK; avoid chasing the first sharp price move.

Trading summary checklist
Volatility
Elevated
Liquidity
Normal
Sentiment
Cautious
Difficulty
Hard

Today’s Events

All times UK time
  • 00:01GBP

    GfK Consumer Confidence

    Previous
    -13
    Forecast
    -15
    Actual / Status
    Upcoming
  • 00:30JPY

    National CPI (YoY)

    Previous
    1.9%
    Forecast
    —
    Actual / Status
    Upcoming
  • 00:30JPY

    National Core CPI (YoY)

    Previous
    1.7%
    Forecast
    2.1%
    Actual / Status
    Upcoming
  • 00:30JPY

    Inflation Rate Ex-Food and Energy (YoY)

    Previous
    1.9%
    Forecast
    —
    Actual / Status
    Upcoming
  • 00:30JPY

    National CPI (MoM)

    Previous
    0.1%
    Forecast
    —
    Actual / Status
    Upcoming
  • 01:30JPY

    Manufacturing PMI

    Previous
    54.9
    Forecast
    54.5
    Actual / Status
    Upcoming
  • 01:30JPY

    Services PMI

    Previous
    52.5
    Forecast
    —
    Actual / Status
    Upcoming
  • 01:30JPY

    Composite PMI

    Previous
    53.5
    Forecast
    —
    Actual / Status
    Upcoming
  • 04:35JPY

    3-Month Bill Auction

    Previous
    1.28%
    Forecast
    —
    Actual / Status
    Upcoming
  • 07:00GBP

    Retail Sales (MoM)

    Previous
    0.5%
    Forecast
    -0.1%
    Actual / Status
    Upcoming
  • 07:00GBP

    Retail Sales (YoY)

    Previous
    2.4%
    Forecast
    1%
    Actual / Status
    Upcoming
  • 07:00GBP

    Retail Sales ex Fuel (MoM)

    Previous
    0.6%
    Forecast
    -0.1%
    Actual / Status
    Upcoming
  • 07:00GBP

    Retail Sales ex Fuel (YoY)

    Previous
    2.7%
    Forecast
    1.5%
    Actual / Status
    Upcoming
  • 08:00Scheduled
    Market timing

    Volatility usually increases as European banks start trading.

  • 08:30EUR

    German Manufacturing PMI

    Previous
    53.9
    Forecast
    53.5
    Actual / Status
    Upcoming
  • 08:30EUR

    German Composite PMI

    Previous
    53.8
    Forecast
    53.3
    Actual / Status
    Upcoming
  • 08:30EUR

    German Services PMI

    Previous
    52.9
    Forecast
    52.5
    Actual / Status
    Upcoming
  • 08:55EUR

    ECB Montagner Speaks

    Previous
    —
    Forecast
    —
    Actual / Status
    Upcoming
  • 09:00EUR

    Composite PMI

    Previous
    53.1
    Forecast
    52.7
    Actual / Status
    Upcoming
  • 09:00EUR

    Manufacturing PMI

    Previous
    52.9
    Forecast
    52.7
    Actual / Status
    Upcoming
  • 09:00EUR

    Services PMI

    Previous
    53
    Forecast
    52.5
    Actual / Status
    Upcoming
  • 09:30GBP

    Manufacturing PMI

    Previous
    51.9
    Forecast
    51.7
    Actual / Status
    Upcoming
  • 09:30GBP

    Services PMI

    Previous
    52.1
    Forecast
    51.8
    Actual / Status
    Upcoming
  • 09:30GBP

    Composite PMI

    Previous
    52
    Forecast
    51.8
    Actual / Status
    Upcoming
  • 10:00EUR

    ECB Consumer Inflation Expectations

    Previous
    3%
    Forecast
    —
    Actual / Status
    Upcoming
  • 13:00Scheduled
    Market timing

    London and New York overlap — the most active period of the day.

  • 13:30CAD

    Retail Sales Ex Autos (MoM)

    Previous
    -0.7%
    Forecast
    1%
    Actual / Status
    Upcoming
  • 13:30CAD

    Retail Sales (MoM) Final

    Previous
    -0.7%
    Forecast
    1.3%
    Actual / Status
    Upcoming
  • 13:30CAD

    Retail Sales (MoM) Prel

    Previous
    1.3%
    Forecast
    —
    Actual / Status
    Upcoming
  • 13:30CAD

    Manufacturing Sales (MoM) Prel

    Previous
    1.5%
    Forecast
    —
    Actual / Status
    Upcoming
  • 13:30CAD

    Retail Sales (YoY)

    Previous
    5.1%
    Forecast
    —
    Actual / Status
    Upcoming
  • 14:45USD

    Composite PMI

    Previous
    58.4
    Forecast
    —
    Actual / Status
    Upcoming
  • 14:45USD

    Manufacturing PMI

    Previous
    55.9
    Forecast
    55.5
    Actual / Status
    Upcoming
  • 14:45USD

    Services PMI

    Previous
    58.8
    Forecast
    58
    Actual / Status
    Upcoming
  • 15:00USD

    Michigan Consumer Sentiment Final

    Previous
    48.1
    Forecast
    46.3
    Actual / Status
    Upcoming
  • 15:00USD

    Michigan 5 Year Inflation Expectations Final

    Previous
    3.4%
    Forecast
    3.5%
    Actual / Status
    Upcoming
  • 15:00USD

    Michigan Consumer Expectations Final

    Previous
    46.3
    Forecast
    —
    Actual / Status
    Upcoming
  • 15:00USD

    Michigan Current Conditions Final

    Previous
    50.9
    Forecast
    44.7
    Actual / Status
    Upcoming
  • 15:00USD

    Michigan Inflation Expectations Final

    Previous
    4.6%
    Forecast
    4.7%
    Actual / Status
    Upcoming
  • 15:00EUR

    ECB Cipollone Speaks

    Previous
    —
    Forecast
    —
    Actual / Status
    Upcoming
  • 18:00USD

    Baker Hughes Oil Rig Count

    Previous
    459
    Forecast
    —
    Actual / Status
    Upcoming
  • 18:00USD

    Baker Hughes Total Rigs Count

    Previous
    603
    Forecast
    —
    Actual / Status
    Upcoming
  • 22:00Scheduled
    Market timing

    Spreads widen and liquidity thins as the trading day rolls over.

Today's Trading Windows

Your trading day, in chronological order.

  • 00:00-00:20 UK

    —

    Caution WindowUpcoming

    Asian Price Setting

    Use the Asian session high and low as points to watch rather than assuming a direction.

    Volatility · Quiet
    Related toAsian SessionUpcoming
  • 00:25-00:45 UK

    —

    Dangerous WindowUpcoming

    JPY National CPI (YoY) and National Core CPI (YoY) share the 00:30 UK release time.

    Avoid new USD/JPY entries during the first sharp price move.

    Volatility · High
    Related toJPY National CPI (YoY) · 00:30Asian SessionExecution risk elevatedUpcoming
  • 00:50-01:25 UK

    —

    Caution WindowUpcoming

    Asian Price Setting

    Use the Asian session high and low as points to watch rather than assuming a direction.

    Volatility · Quiet
    Related toAsian SessionUpcoming
  • 01:25-01:45 UK

    —

    Dangerous WindowUpcoming

    JPY Manufacturing PMI and Services PMI share the 01:30 UK release time.

    Wait for USD/JPY to form a clear high and low before entering.

    Volatility · High
    Related toAsian SessionExecution risk elevatedUpcoming
  • 01:45-06:50 UK

    —

    Caution WindowUpcoming

    Asian Price Setting

    Use the Asian session high and low as points to watch rather than assuming a direction.

    Volatility · Quiet
    Related toAsian SessionUpcoming
  • 07:20-08:00 UK

    —

    Caution WindowUpcoming

    Asian Price Setting

    Use the Asian session high and low as points to watch rather than assuming a direction.

    Volatility · Quiet
    Related toAsian SessionUpcoming
  • 08:00-08:20 UK

    —

    Fair WindowUpcoming

    London Confirmation

    Wait for USD/JPY to hold beyond the Asian high or low, or turn clearly away from either price.

    Volatility · Moderate
    Related toLondon SessionUpcoming
  • 09:50-12:00 UK

    —

    Fair WindowUpcoming

    London Confirmation

    Wait for USD/JPY to hold beyond the Asian high or low, or turn clearly away from either price.

    Volatility · Moderate
    Related toLondon SessionUpcoming
  • 12:00-13:25 UK

    —

    Fair WindowUpcoming

    London Before USD News

    Use only clear price behaviour around the established Asian and London session highs and lows.

    Volatility · Moderate
    Related toLondon SessionLondon / NY OverlapNew York SessionHigh liquidityUpcoming
  • 13:45-14:35 UK

    —

    Fair WindowUpcoming

    London Before USD News

    Use only clear price behaviour around the established Asian and London session highs and lows.

    Volatility · Moderate
    Related toLondon SessionLondon / NY OverlapNew York SessionHigh liquidityUpcoming
  • 14:40-15:05 UK

    —

    Dangerous WindowUpcoming

    USD Composite PMI, Manufacturing PMI and Services PMI share the 14:45 UK release time.

    Avoid new entries until USD/JPY forms a clear high and low after the releases.

    Volatility · High
    Related toUSD Manufacturing PMI · 14:45London SessionLondon / NY OverlapNew York SessionExecution risk elevatedUpcoming
  • 15:15-17:00 UK

    —

    Best WindowUpcoming

    News Settling Period

    Use this period only if USD/JPY forms clear boundaries after the 14:45 UK releases.

    Volatility · Moderate
    Related toLondon SessionLondon / NY OverlapNew York SessionHigh liquidityUpcoming
  • 17:00-22:00 UK

    —

    Caution WindowUpcoming

    Late Trading Period

    Trade only if USD/JPY continues to respect a clear session high and low.

    Volatility · Quiet
    Related toNew York SessionUpcoming

Today's Guidance

Mark the Asian session high and low on USD/JPY. Enter only after a 1-hour candle closes beyond either price or clearly turns away.

Today's guidance illustration

Alternative scenario

If

USD/JPY closes clearly beyond the London session high or low after the 14:45 UK USD PMI releases.

Then

Stop trading between the London high and low; follow the confirmed move only after price returns and moves away again.

Guidance — not a prediction. Today's plan may need to be reassessed if this trigger materialises.

Today's Trading Checklist

Run through every step below before placing a trade today.

Statuses update automatically as today's plan and trading windows progress. They show when each point is most relevant — you still confirm the trading conditions on the chart.

  1. Step 01Plan closed

    Use the Daily and 4-hour charts to decide whether USD/JPY is trending or staying between clear highs and lows.

  2. Step 02Plan closed

    Reduce trade size when 1-hour candles repeatedly cross the same Asian or London session price.

  3. Step 03Plan closed

    Record whether the 14:45 UK releases create lasting price behaviour or only a brief spike.

Use this checklist to guide today’s trading session.

Tip: Copy this checklist into today’s Workspace and tick items off as you trade.

Trading checklist illustration

Build the habit. Understand the market.

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