Friday, October 17th,

Let's talk about Friday.

1. Friday, October 17th, 2008 (8:30 a.m. New York Time) USA
At 8:30 a.m. we will have U.S. Housing Starts. This may move the market a bit but I would not put a lot of hopes on it. I want to see a nice move on it before I start recommending trading it.

2. Friday, October 17th, 2008 (9:55 a.m. New York Time) USA
At 9:55 a.m. we will have U.S. Consumer Sentiment coming out. This might bring 20 pips if the trigger is hit although this might be a slow mover either. If this comes out at 59 or lower, you may sell USD/JPY. On the other hand, if it comes out at 71 or higher, you may buy USD/JPY.