AceTraderFx: DAILY MARKET OUTLOOK on Major - USD/JPY

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AceTraderFx Sept 27: Daily Recommendations on Major –USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 27 Sept 2022 09:30GMT

USD/JPY - 144.32
Despite dollar's brief gain to a fresh 24-year peak of 145.89 after BoJ's dovish hold last Thursday, subsequent selloff to 140.36 on BoJ's 'unilateral' yen buying intervention suggests temporary top is made, Friday's gain to 143.46 in New York signals 1st leg of correction over and as 144.78 (New York) has capped upside, below 143.80 would yield weakness towards 143.26 but 142.59 should hold.

On the upside, only a daily close above 144.78 would risk stronger gain to 145.30/40.

Data to be released on Tuesday:
Italy trade balance non-EU.
U.S. building permits, durable goods, durables ex-transport, durables ex-defense, redbook, monthly home price, consumer confidence, new home sales and Richmond Fed manufacturing.

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AceTraderFx Sept 28: Daily Recommendations on Major –USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 28 Sept 2022 09:30GMT

USD/JPY - 144.67
Despite dollar's brief gain to a fresh 24-year peak of 145.89 after BoJ's dovish hold last Thursday, subsequent selloff to 140.36 on BoJ's 'unilateral' yen buying intervention suggests a temporary top is made, yesterday's gain to 144.90 in New York signals correction is over but above 145.00 is needed to yield re-test of 145.89, break, 146.70/80.

On the downside, below 144.07 would revive bearishness fo weakness towards 143.26/28

Data to be released on Wednesday:
U.K. BRC shop price index, Australia retail sales, Japan coincident index, leading index, Germany Gfk consumer confidence, France consumer confidence, Italy business confidence, consumer confidence, industrial sales.
U.S. MBA mortgage application, goods trade balance, wholesale inventories and pending home sales.

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AceTraderFx Sept 29: Daily Recommendations on Major –USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 29 Sept 2022 09:30GMT

USD/JPY - 144.71
Despite dollar's brief gain to a fresh 24-year peak of 145.89 after BoJ's dovish hold last Thursday, subsequent selloff to 140.36 on BoJ's 'unilateral' yen intervention suggests a temporary top is made, gain to 144.90 on Tuesday signals correction is possibly over.

As usd has risen from 143.92 (Wednesday), above 144.90/00 would head to 145.40/50 whilst below 143.92 would yield weakness towards 143.54, then 143.26/28.

Data to be released on Thursday:
Italy producer prices, EU business climate, economic sentiment, industrial sentiment, services sentiment, consumer confidence, Germany CPI.
U.S. GDP, PCE prices, initial jobless claims, continuing jobless claims, Canada GDP and average weekly earnings.

 

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AceTraderFx Sept 30: Daily Recommendations on Major –USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 30 Sept 2022 09:30GMT

USD/JPY - 144.36
Despite dollar's brief gain to a fresh 24-year peak of 145.89 after BoJ's dovish hold last Thur, subsequent selloff to 140.36 on BoJ's 'unilateral' yen intervention suggests a temporary top is made, gain to 144.90 on Tue signals correction is possibly over.

Dollar's daily wild swings may continue and above 144.90/00 needed for stronger gain towards 145.40, 145.89, below 143.92, 143.28.

Data to be released on Friday:
Germany import prices, retail sales, unemployment change, unemployment rate, U.K. current account, GDP, nationwide house prices, Swiss retail sales, KOF indicator, France CPI, consumer spending, producer prices, Italy unemployment rate, CPI, EU HICP, unemployment rate.
U.S. personal spending, personal income, core PCE price index, Chicago PMI, University of Michigan sentiment and Canada budget balance.

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AceTraderFx Oct 03: Daily Recommendations on Major –USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 03 Oct 2022 09:30GMT

USD/JPY - 145.00
Despite dollar's brief gain to a fresh 24-year peak of 145.89 after BoJ's dovish hold last Thur, subsequent selloff to 140.36 on BoJ's 'unilateral' yen intervention suggests a temporary top is made, gain to 144.90 on Tuesday signals correction is possibly over.

Dollar's daily wild swings may continue and above 144.90/00 needed for stronger gain towards 145.40, 145.89, below 143.92, 143.28.

Data to be released later:
Swiss CPI, manufacturing PMI, France budget balance, S n P manufacturing PMI, Italy S n P manufacturing PMI, Germany S n P manufacturing PMI, EU S n P manufacturing PMI.
U.K. S n P manufacturing PMI, Canada S n P manufacturing PMI, U.S. S n P manufacturing PMI, construction spending and ISM manufacturing PMI on Monday.

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AceTraderFx Oct 05: Daily Recommendations on Major –USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 05 Oct 2022 09:30GMT

USD/JPY - 144.44
Despite dollar's brief gain to a fresh 24-year peak of 145.89 after BoJ's dovish hold last Thursday, subsequent selloff to 140.36 on BoJ's 'unilateral' yen intervention suggests a temporary top is made, gain to 144.90 on Tue signals correction is possibly over.

Dollar's daily wild swings may continue and above 144.90/00 needed for stronger gain towards 145.40, 145.89, below 143.92, 143.28.

Data to be released on Wednesday :
France industrial output, Italy S n P global services PMI, France S n P global services PMI, Germany S n P global services PMI, EU S n P global services PMI, U.K. S n P global services PMI.
U.S. MBA mortgage application, ADP employment change, international trade balance, goods trade balance, S n P global services PMI, ISM non-manufacturing PMI, Canada building permits, trade balance, exports and imports.

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AceTraderFx Oct 06: Daily Recommendations on Major –USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 06 Oct 2022 09:30GMT

USD/JPY - 144.64
Although dollar's recent rise from 140.36 to 145.31 (Monday) suggests the correction from September's 24-year peak at 145.89 over, subsequent decline would yield further sideways swings, Wednesday's rise from 143.54 to 144.84 signals pullback possibly over and above 144.93 would bring stronger gain towards 145.31.

Retreat to 144.39 in Asia may prolong choppy trading before up and only below 144.27/32 risks stronger retracement towards 144.00, break, 143.70/80.

Data to be released on Thursday:
Germany industrial orders, EU retail sales.
U.S. S n P construction PMI, U.S. initial jobless claims, continuing jobless claims and Canada Ivey PMI.

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AceTraderFx Oct 07: Daily Recommendations on Major –USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 07 Oct 2022 09:30GMT

USD/JPY - 144.82
Despite dollar's brief but sharp fall from Sep's 24-year peak of 145.89 to 140.36 on BoJ's unilateral yen buying intervention, subsequent strong rise to 145.31 Monday signals correction over n as price has risen after retreat to 143.54, bullishness remains but above 145.89 needed to head to 146.30/40.

On the downside, a daily close below 144.39 would yield stronger retracement to 143.80/90.

Data to be released on Friday:
Swiss unemployment rate, Germany import prices, industrial output, retail sales, U.K. Halifax house prices, France current account, trade balance, imports, exports, Italy retail sales.
U.S. non-farm payrolls, private payrolls, unemployment rate, average earnings, wholesale inventories, wholesale sales, Canada employment change and unemployment rate.

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AceTraderFx Oct 10: Daily Recommendations on Major –USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 10 Oct 2022 09:30GMT

USD/JPY - 145.51
Despite dollar's brief but sharp fall from Sep's 24-year peak of 145.89 to 140.36 on BoJ's unilateral yen buying intervention, subsequent strong rise to 145.31 Mon, then Fri's gain to 145.44 in post-NFP New York suggests consolidation with upside bias remains for re-test 145.89, above may head towards 146.30.

On the downside, only a daily close below 144.93 would risk stronger retracement towards 144.64.

Data to be released later:
EU Sentix index.
U.S. market holiday, Canada market holiday on Monday.

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AceTraderFx Oct 11: Daily Recommendations on Major –USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 11 Oct 2022 09:30GMT

USD/JPY - 145.53
Despite dollar's brief but sharp fall from Sep's 24-year peak of 145.89 to 140.36 on BoJ's unilateral yen buying intervention, subsequent strong rise in tandem with US yields to 145.85 yesterday would re-test 145.89 and above would head to 146.30, then towards 146.96.

Stand aside initially due to BoJ's intervention risk and only a daily close below 145.24 would yield stronger retracement towards 144.96, then 144.64.

Data to be released on Tuesday :
U.K. BRC retail sales, U.K. climate count, ILO unemployment rate, employment change, average weekly earnings, Italy industrial output, Swiss leading index.
U.S. redbook.

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