by Henry Liu on September 3, 2009
8:30am (NY Time) US NonFarm Payroll Forecast -223K Previous -247K
ACTION: USD/JPY BUY -150K SELL -300K
Our primary focus will be on the actual release, which is expected to be at -223K. Wait for the numbers to come out, but do not take the trade YET, even if we get -150K or -300K. Now wait for the revision number, which is -247K. Market usually overracts with the Revision, so if it does not conflict with the release, we get a better chance of this trade working out.
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by Henry Liu on August 6, 2009
8:30am (NY Time) US NonFarm Payroll Forecast -320K Previous -467K
ACTION: USD/JPY BUY -250K SELL -400K
Our first focus will be on the Headline Number, which is expected to be at -320K. Wait for the numbers to come out, but do not take the trade YET, even if we get -400K or -250K. Now wait for the revision number, which is -467K. Market is likely to overract with the Revision number, so if the revision does not conflict with the release, we get a better chance of this trade working out.
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