Part 1: Previous Session Review

Yesterday’s session was clean and controlled, with two completed trades and both closing in profit. The desk finished 2W / 0L for a net result of +21.0 pips across USDJPY and SOLUSD.

The better quality came from waiting for price to confirm direction rather than forcing early entries. USDJPY continued to offer the clearer structure, with liquidity and momentum aligning well enough for a measured trade. SOLUSD also delivered, but crypto conditions remain more sensitive to sudden rotation, so position sizing and exit discipline stayed important.

Overall, the key takeaway is not just the positive result, but the low-error execution. After a winning day, the priority is to avoid overconfidence and keep risk consistent into a heavier macro calendar.

Part 2: Today’s Outlook & Watchlist

Today’s calendar is concentrated and potentially market-moving. The euro comes first with the Main Refinancing Rate, Monetary Policy Statement, and ECB Press Conference. Shortly after, the U.S. Core PPI and headline PPI releases will test inflation expectations and could shift short-term dollar pricing quickly.

EURUSD is the main asset on watch. The rate decision itself may be less important than the tone of the statement and press conference. If the ECB sounds cautious on growth or signals more room to ease, EURUSD could remain offered on rallies. If the guidance is firmer than expected, a squeeze higher is possible, especially if U.S. PPI softens.

USDJPY also stays active around the U.S. inflation data. A stronger PPI print can support Treasury yields and keep buyers interested in USDJPY, while a softer number may trigger a quick pullback. Given yesterday’s clean result in the pair, we will still require confirmation after the release rather than chasing the first spike.

Plan for wider spreads and false breaks around 08:15, 08:30, and 08:45 UTC. For today, patience matters more than prediction. Let the news hit, let the first volatility wave settle, then trade only if price structure gives a clear risk point.