AceTraderfx Aug 30 : DAILY MARKET OUTLOOK USD/JPY - 98.33

[acetraderfx]

AceTraderFx Oct 28: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK
Update Time: 28 Oct 2015 08:13 GMT

USD/JPY - 120.41
Despite the greenback's rally from October's low at 118.06 to 121.51 today, subsequent strong retreat suggests a temporary top has been made there and consolidation with downside bias would be seen for weakness towards 120.20/23, below would add credence to this view and yield stronger retracement towards 119.80/90.
However, steep fall below there is unlikely to be seen and reckon support at 119.61 would remain intact and yield rebound later.
On the upside, only above 121.51 would revive bullishness for gain towards daily resistance at 121.74, break would extend towards 122.10/15.

 

[acetraderfx]

AceTraderFx Nov 2: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK
Update Time: 02 Nov 2015 08:30 GMT

USD/JPY - 120.52
Despite dollar's intra-day rally from 120.30 to 121.48 in Asia on Friday following the release of Bank of Japan unchanged rate decision, subsequent retreat after being capped below Monday's 7-week peak at 121.51 suggests further choppy trading inside near term established range of 121.51-120.02 would continue.
Above 121.48/51 would bring resumption of upmove from October's bottom at 118.06 to 121.74 and then 122.10/20, whilst below 120.02 would confirm a top has been made instead and yield correction towards 119.62 next.

 

[acetraderfx]

AceTraderFx Nov 4: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK
Update Time: 04 Nov 2015 08:22 GMT

USD/JPY - 121.15
Despite dollar's intra-day rally from 120.30 to 121.48 in Asia on Friday following the release of Bank of Japan unchanged rate decision, subsequent retreat after being capped below Monday's 7-week peak at 121.51 suggests further choppy trading inside near term established range of 121.51-120.02 would continue.

Above 121.48/51 would bring resumption of upmove from October's bottom at 118.06 to 121.74 and then 122.10/20, whilst below 120.02 would confirm a top has been made instead and yield correction towards 119.62 next.

 

[acetraderfx]

AceTraderFx Nov 6: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK
Update Time: 06 Nov 2015 08:02 GMT

USD/JPY - 121.90
The greenback's rally to 122.01 at New York open yesterday on upbeat U.S. economic data together with hawkish comments from Fed's Yellen and intra-day firmness signals recent erratic upmove has resumed and consolidation with upside bias remains for further gain towards 122.15/20.
However, loss of momentum would prevent strong gain above there and yield a much-needed correction later.

On the downside, only a daily close below 121.00 would indicate a temporary top has been made and turn outlook bearish for a stronger retracement to 120.50/60.

 

[acetraderfx]

AceTraderFx Nov12: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK
Update Time: 12 Nov 2015 08:31 GMT

USD/JPY - 123.01
The greenback's resumption of recent uptrend to a fresh 10-week peak at 123.61 on Monday on the back of Friday's release of upbeat U.S. jobs report suggests consolidation with upside bias remains for gain towards 123.79/80, then 124.00/01, however, over bought condition would prevent sharp move beyond there and risk would increase for a much-needed correction later this week.

On the downside, only below 122.69 would indicate a temporary top has been made and turn outlook bearish for a stronger retracement towards 122.38/40.

 

[acetraderfx]

AceTraderFx Nov13: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK
Update Time: 13 Nov 2015 09:29 GMT

USD/JPY - 122.77
Although yesterday's intra-day breach of support at 122.74 signals recent uptrend has made a temporary top at Monday's fresh 10-week peak at 123.61 and stronger retracement to 123.30/40 may be seen, reckon 122.00 (previous resistance, now support) would contain weakness and daily bullishness remains for another rise 'later'.

Above 123.61 would extend gain to 123.79/80, then 124.00, however, loss of momentum would cap price below 124.63 and yield retreat.

 

[acetraderfx]

AceTraderFx Nov 16: Intra-Day News and Views (USD/JPY) & data to be released today

Intra-day Market Moving News and Views
16 Nov 2015 01:29GMT

USD/JPY - ........ Despite the greenback's rise to session high at 122.99 in New York afternoon on Friday, price retreated sharply to around 122.60 near New York close.
Dlr opened significantly lower in New Zealand today and dropped to intra-day low at 122.21 on broad-based buying of yen on risk aversion, following Friday's Paris attacks.

However, the pair pared its losses and staged a strong short-covering rebound to 122.61 on speculation that the BoJ will announce new easing measures after data showed Japan's economy slid back into recession in July-September.

Offers have now been raised to 122.60/70 and more above at 122.80/90 with stops building up above there whilst initial bids are seen at 121.90/00, suggesting initial upside would be seen but traders should look to sell on pullback for subsequent weakness.

Data to be released:
New Zealand retail sales, U.K. Rightmove house price index, Japan GDP, euro zone inflation, U.S. NY empire state manufacturing index, and Canada manufacturing sales on Monday.

Australia RBA meeting minutes, New Zealand inflation expectation, Italy trade balance, U.K. CPI, PPI, RPI, Germany ZEW reports, euro zone ZEW economic sentiment, U.S. CPI, Redbook, capacity utilization, industrial output and NAHB housing market index, net L-T Flows, net capital flows on Tuesday.

Australia wage price index, China house prices, Swiss investor sentiment, Canada housing starts, U.S. building permit and housing start, FOMC minutes Wednesday.

New Zealand producer prices, PPI output, Japan export import trade balance, BoJ rate decision and press conference, industry activity index, Swiss trade balance, export, import, EU current account, U.K. retail sales, CBI trends, U.S. jobless claims, Philly Fed Business index, leading index and Canada wholesale trade on Thursday.

Japan BoJ economic survey, Germany producer prices, U.K. public sector net borrowing, Canada CPI and EU consumer confidence flash on Friday

 

[acetraderfx]

AceTraderFx Nov 17: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK
Update Time: 17 Nov 2015 08:30 GMT

USD/JPY - 123.26
Although intra-day breach of Friday's support at 122.74 to 122.21 on Monday signals recent uptrend has made a temporary top at Monday's fresh 10-week peak at 123.61 and stronger retracement to 122.01 (previous resistance, now support) may be seen, reckon 121.74 would contain weakness and daily bullishness remains for another rise 'later'.

Above 123.61 would extend gain to 123.79/80, then 124.00, however, loss of momentum would cap price below 124.63 and yield retreat.

 

[acetraderfx]

AceTraderFx Dec 9: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK
Update Time: 09 Dec 2015 08:26 GMT

USD/JPY - 122.83
Despite the greenback's strong retreat from 123.68 (Wednesday) to 122.30 last Thursday, subsequent rebound on the release of upbeat U.S. jobs report suggests consolidation with upside bias remains and above 123.68 would yield a re-test of November's fresh 12-year peak at 123.77, break would extend towards 124.00/10 before prospect of a much-needed correction due to loss of momentum.
On the downside, only below 122.64 would indicate aforesaid recovery has ended instead and turn outlook bearish for weakness towards 122.30.

 

[acetraderfx]

AceTraderFx Dec 11: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK
Update Time: 11 Dec 2015 08:10 GMT

USD/JPY - 121.82
The greenback's selloff below last week's low at 122.30 to as low as 121.07 on Wednesday on dollar's broad-based weakness post the release of downbeat U.S. wholesale inventories data signals the decline from November's 12-week peak at 123.77 has resumed and consolidation with downside bias remains for weakness towards 120.80/90, however, loss of momentum should keep price above 120.57 this week and yield rebound later.

On the upside, only above 122.30 (previous support, now resistance) would indicate aforesaid correction has ended instead and turn outlook bullish for stronger gain to 122.72.