Today we have the JOLTS JOB REPORT due at 10am est
Key takeaways
Job openings, Quits Rate, and Hires vs Openings
Job openings: a higher number shows strong demand for labor hinting at a tight labor market
Quits Rate: A higher quit rate could mean workers are confiednt they can find better opportunities
Hires V Openings: When job openings are on the rise faster than hires that could show a skill mismatch or labor shortage
This report will cover April 2025, the report typically has a 5 week lag, and the April data should reflect employment conditions as of late March.
As it relates to USD/JPY: A strong report reflects the status of job openings and quits this will show strengthen USD. A stronger labor market could increase expectations the fed might raise interest rates or keep them higher for longer
A weaker report could lead to more consolidation or a stronger yen which result in a decreasing dollar
We are looking for an increased value from 7.192 on the last report or around that same value
Yesterday's trade: I typically don't trade early in the week but per my callout on my last idea if you took my buy reversal there was minimum drawback if you used proper analysis
ie: wait for open and close below price for sell and above for buy ideally you would want to get in around 142.706, however the reversal took place at 142.429
If you entered on at the price 142.579 there was minimal drawback.
I entered at 142.706 price is currently at 143.570 please use correct risk management for account growth
Key takeaways
Job openings, Quits Rate, and Hires vs Openings
Job openings: a higher number shows strong demand for labor hinting at a tight labor market
Quits Rate: A higher quit rate could mean workers are confiednt they can find better opportunities
Hires V Openings: When job openings are on the rise faster than hires that could show a skill mismatch or labor shortage
This report will cover April 2025, the report typically has a 5 week lag, and the April data should reflect employment conditions as of late March.
As it relates to USD/JPY: A strong report reflects the status of job openings and quits this will show strengthen USD. A stronger labor market could increase expectations the fed might raise interest rates or keep them higher for longer
A weaker report could lead to more consolidation or a stronger yen which result in a decreasing dollar
We are looking for an increased value from 7.192 on the last report or around that same value
Yesterday's trade: I typically don't trade early in the week but per my callout on my last idea if you took my buy reversal there was minimum drawback if you used proper analysis
ie: wait for open and close below price for sell and above for buy ideally you would want to get in around 142.706, however the reversal took place at 142.429
If you entered on at the price 142.579 there was minimal drawback.
I entered at 142.706 price is currently at 143.570 please use correct risk management for account growth
Trade active
Correction: the forecast was 7.1 previous report was 7.2 and today it reported at 7.391 my apologies 
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.