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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.
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: 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.
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