So I had a USDJPY trade on from last week.
I knew US CPI was coming out this morning, but USDJPY fell off the cliff at like 8 AM.
Why #1.
Even after the release, which I think came in better than expected, USDJPY continued to fall.
Why #2.
I thought a good CPI was good for USD and so good for USDJPY.
It’s only just now starting reserve, like over the last 30-45 min.
Why #3.
What am I missing?
DXY going down?
YIELDS MOVE EVERYTHING
The unexpected deceleration in US inflation rates in July is weighing down US Treasury yields and cutting down Fed rate hike odds in the near-term. The odds of a 75-bps rate hike in September have dipped back below 50%, where they had been for the past several days in the wake of the blowout July US jobs report. The knock-on effect in financial markets has been a weaker US Dollar, with the DXY Index breaking below multi-month uptrend support and USD/JPY rates turning lower towards the August lows.
Wasn’t just the USDJPY - everything went haywire.
I was scalping the Nasdaq for maybe 10pts and forgot all about the news
Next thing - I made 230pts in less than 3 minutes!
Silly me forgetting the news!!! 
Nice. I got a £400 unexpected profit once from a position I had forgotten was open! Mind you, that was years ago and its never happened since…