ISM Non-Manufacturing PMI came slightly less than forecast but the deviation is too small to be bearish for USD/JPY. Forecast (shown on calendar of many sites) is an average of forecasts of many analysts, it is not a fixed figure, different analysts have different forecasts, so price action post release is the key to enter a news trade. Therefore, I entered buy at 108.831.
Trade closed manually: at BE.
ISM Non-Manufacturing PMI came slightly less than forecast but the deviation is too small to be bearish for USD/JPY. Forecast (shown on calendar of many sites) is an average of forecasts of many analysts, it is not a fixed figure, different analysts have different forecasts, so price action post release is the key to enter a news trade. Therefore, I entered buy at 108.831.