JPY rally

This is the first day seeing a JPY rally after from a row of 13 red days. Japanese equities tried the mega squeeze in September, but that is gone. 

"Japanese equities have done nothing since February. The recent excitement was all about the reflation trade happening, but despite the surge in yields, TOPIX has refused bouncing much. The only difference this time around is the fact people have bought into the story..." - themarketear

Moving on, there's CPI report coming 12:00 pm GMT with inflation waiting to be 5.3% and the core one 4%. Today we shall approach using Buy the rumor Sell the news method. This ancient strategy provides not only risk free action but also the power of jumping early at the profits wagon. Getting serious, just avoid placing any orders during pre. news as volatility is low during that hours. The safe bet today is 113.0 - 113.5 for USD/JPY being the zone of expiring options.