Timeless Fx: USdjPY Tracking from last week it Hit B Target =79.60

Monday 20 August 2012

USdjPY Tracking from last week it Hit B Target =79.60

1. Laying Plans

4

These are: (1) The Moral Law; (2) Heaven; (3) Earth; (4) The Commander; (5) Method and discipline.

It appears from what follows that Sun Tzu means by "Moral Law" a principle of harmony, not unlike the Tao of Lao Tzu in its moral aspect. One might be tempted to render it by "morale," were it not considered as an attribute of the ruler in ss. 13.

http://timelessfx.blogspot.co.uk/2012/08/usdjpy-daily-elwave-count.html

Last week link

Last week Japan’s gross domestic product disappointed with a lower than predicted rise of 0.3% in the second quarter half the growth rate predicted by analysts. On a yearly base, GDP added 1.4% while predicted a 2.5% leap indicating the effect of government subsidies is starting to wear off and additional monetary stimulus is in order. Let’s see what unfolds this week.

Updates: Trade Balance will be released on Tuesday. The markets are expecting a wider deficit for the August reading. The yen has edged upwards to start the trading week. USD/JPY was trading at 79.53.

20/8/2012 USdjpy

Now we should start to decline so i'm positioning for shorts as soon as the 4 hr Anchor sets up and begins to turn bearish and set up on the hourly for a short.

Harmonic View Point

A little advance on the hrly then a decline

All Industries Activity: Tuesday, 4:30.Japan’s all industry activity declined 0.3% in May more than the 0.2% drop predicted by analysts, following 0.1% gain in the previous month. This decline occurred despite a surge in construction activity since May however industrial activity and service sector activity shrank by 3.4%. On a yearly basis, all industry activity growth slowed to 3.2% from 4.1% in April. A 0.3% rose is expected now.
Trade Balance: Tuesday, 23:50. Seasonally adjusted merchandise trade deficit shrank to Y300.8 billion in June after Y620 billion in May, better than the Y390 billion predicted by analysts. Exports contracted 1.4% and imports declined 6.5%. On a yearly base Japan posted a trade surplus of ¥61.654 billion in June compared to a year ago. Government officials claim the global economic slowdown has expanded including China the world’s second biggest economy contracting 7.6% in the second quarter. Trade deficit is expected to widen in July to Y460 billion.
CSPI : Thursday, 23:50 Corporate service price Index dropped 0.3% in June from a year ago worse than the flat reading predicted by analysts and following 0.1% increase in May. On a monthly basis, prices shrank 0.1% after a 0.4% decline in the previous month continuing the deflation trend. A smaller decline of 0.2% is anticipated.
Masaaki Shirakawa speaks: Friday, 7:45. The Governor of the Bank of Japan is scheduled to speak at a meeting with business leaders in Osaka, where he might reveal clues concerning the possibility of adding further monetary stimulus to the Japanese market, as the pace of recovery slow.