Starting the trading day watching the EUR pairs during the Draghi address – there’s been a little back and forth action, but nothing to amount to anything.

At 7:00, before the USD news, it appears that the USD cross pairs are ranging to down, while the YEN crosses appear solidly down.   Watching those, especially the ones that shouldn’t be affected by the USD CPI. Pending orders set on CADJPY and AUDJPY. Look like I missed good YL entry points on both of them through not paying attention.

Took the GBPJPY short on a market order, and it stopped out.  Also had the pending orders on CADJPY and AUDJPY both hit.

Now waiting USD news.

Took USDJPY long and EURUSD short during the news.  The moves were not particularly impressive, but they seemed to be civil and in the direction of the prevailing CDM.  EURUSD stopped out quickly for <8.2>. Now down <20.3>. Holding CADJPY, AUDJPY, and USDJPY. Clearly heavily weighted in the YEN. Not sure  like that much exposure.

I took the USDJPY off at break even because it was not going anywhere by the close of the news candle. Still holding CADJPY and AUDJPY.

Stops set, nothing to do right now but watch.  Taking a break.

Back.  Not much change.  CADJPY has pulled back a little further – now down <5>, headed into the NY open.

CADJPY stopped out just before the open for <12.1>.  Currently down <32.4>, left holding AUDJPY and USDJPY.

At the NYC open, CADJPY has gone negative, and USDJPY was flirting with the stop, but has now moved away from it at least a little.

USDJPY stopped out  for <10.0> 10 minutes after NYC open.  Now down <42.4>.

It seems clear that a +40-50 pip day is not going to happen, although it’s always within the realm of possibility. Starting from <42> pips down with no wins and a market that is showing no follow through makes it very problematic, although, as always in Forex, #weneverknow.

AUDJPY finally stopped as well for <12.1>.  Which puts me flat and down <54.5>. I believe I’ll stand aside until oil news. And try again.

Oil news appears to have done nothing to CAD pricing.  Still waiting a couple more minutes before moving on (currently 11:00 to go on the candle).

Well, THAT was a mistake.  USDCAD fell 32 pips from the high of the candle, and CADJPY rose 23.  It was VERY slow to develop, but develop it did.

YEN resuming strong moves after the oil news.   Entered EURJPY short on an RBO, and NZDUSD long on an RBO.  Pulled all my other pendings so I don’t get over-committed.

EURJPY touched the range limit to trigger the pending, then pulled back to stop out for <10.2>.  Now down <64.7>.

Had to punch out of the NZDUSD when the break out candle closed well inside the previous range. Lost <8.3>, for a net <73.0>