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AceTraderFx Sept 09: Daily Recommendations on Major –USD/JPY
DAILY MARKET OUTLOOK on Major
Update Time: 09 Sept 2022 09:30GMT
USD/JPY - 142.17
Despite dollar's resumption of uptrend to a fresh 24-year peak of 144.98 (Wednesday), subsequent retreat to 143.33, then intra-day selloff below there to 142.47 on active yen buying due to warning by BOJ's Kuroda on rapid yen rise signals a temporary top is made and may head towards 141.85.
On the upside, only a daily close above 143.33 would signal 1st leg of correction over and head back to 143.72.
Data to be released on Friday:
France industrial output, U.K. consumer inflation.
Canada capacity utilization, employment change, unemployment rate, U.S. wholesale inventories and wholesale sales.
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
Update Time: 09 Sept 2022 09:30GMT
USD/JPY - 142.17
Despite dollar's resumption of uptrend to a fresh 24-year peak of 144.98 (Wednesday), subsequent retreat to 143.33, then intra-day selloff below there to 142.47 on active yen buying due to warning by BOJ's Kuroda on rapid yen rise signals a temporary top is made and may head towards 141.85.
On the upside, only a daily close above 143.33 would signal 1st leg of correction over and head back to 143.72.
Data to be released on Friday:
France industrial output, U.K. consumer inflation.
Canada capacity utilization, employment change, unemployment rate, U.S. wholesale inventories and wholesale sales.
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