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AceTraderFx Jan 12: Daily Recommendations on Major –USD/JPY
DAILY MARKET OUTLOOK on Major
Update Time: 12 Jan 2022 09:30GMT
USD/JPY - 115.39
Despite dollar's strong rebound form 115.05 to as high as 115.67 in New York Tue on active cross-selling in yen, subsequent retreat on broad-based usd's weakness after less hawkish comments from Fed's Powell suggests consolidation with downside bias remains, below 115.05 would extend recent decline from last Tue's near 5-year 116.34 peak to 114.68/73.
On the upside, a daily close above 115.67 would signal said pullback has ended and stronger gain to 116.00/04 is seen.
U.S. will release a slew of eco. data n market focus is Dec CPI, a higher-than-expected reading would give usd a boost. Minneapolis Fed President Kashkari (non voter) will speaks on the economic outlook for 2022 before a virtual event at 18:00GMT.
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Update Time: 12 Jan 2022 09:30GMT
USD/JPY - 115.39
Despite dollar's strong rebound form 115.05 to as high as 115.67 in New York Tue on active cross-selling in yen, subsequent retreat on broad-based usd's weakness after less hawkish comments from Fed's Powell suggests consolidation with downside bias remains, below 115.05 would extend recent decline from last Tue's near 5-year 116.34 peak to 114.68/73.
On the upside, a daily close above 115.67 would signal said pullback has ended and stronger gain to 116.00/04 is seen.
U.S. will release a slew of eco. data n market focus is Dec CPI, a higher-than-expected reading would give usd a boost. Minneapolis Fed President Kashkari (non voter) will speaks on the economic outlook for 2022 before a virtual event at 18:00GMT.
AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time update