AceTraderFx: DAILY MARKET OUTLOOK on Major - USD/JPY

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AceTraderFx Nov 22: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 22 Nov 2018 09:30 GMT

USD/JPY - 112.96
Despite the greenback's fall to 112.31 yesterday on broad-based buying of the yen, subsequent strong rebound suggests decline from last Monday's 5-week peak at 114.21 has made a temporary low there and consolidation with upside bias remains for stronger retracement, however, 113.26 (50% r) should remain intact and yield retreat later this week.

On the downside, only below 112.31 would revive bearishness for weakness towards 112.19 but near term loss of momentum would keep price above 111.92 and yield rebound.

Data out on Thursday :
Japan national CPI, France business climate, Swiss industrial production, and EU consumer confidence,
U.S. market holiday.

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AceTraderFx Nov 26: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 26 Nov 2018 09:00 GMT

USD/JPY - 113.28
Despite the greenback's fall to 112.31 last week on broad-based buying of the yen, subsequent strong rebound suggests decline from last Monday's 5-week peak at 114.21 has made a temporary low there and consolidation with upside bias remains for stronger retracement, however, 113.48 (61.8% r) should remain intact and yield retreat later this week.

On the downside, only below 112.31 would revive bearishness for weakness towards 112.19 but near term loss of momentum would keep price above 111.92 and yield rebound.

Data to be released later:
France producer prices, Germany Ifo business climate, Ifo current conditions, Ifo expectations, UK BBA mortgage approvals.
U.S. National activity index and Dallas manufacturing index.

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AceTraderFx Nov 27: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 27 Nov 2018 09:30 GMT

USD/JPY - 113.57
Despite the greenback's fall to 112.31 last week on broad-based buying of the yen, subsequent strong rebound suggests decline from last Monday's 5-week peak at 114.21 has made a temporary low there and consolidation with upside bias remains for stronger retracement, however, resistance at 114.01 should remain intact and yield retreat later this week.

On the downside, only below 112.31 would revive bearishness for weakness towards 112.19 but near term loss of momentum would keep price above 111.92 and yield rebound.

Data to be released on Tuesday :
Germany import price index, France consumer confidence, producer prices, Italy business confidence, consumer confidence, UK CBI trades, U.S. redbook, monthly home price, CS home price and consumer confidence.

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AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates

 

[acetraderfx]

AceTraderFx Dec 03 : Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 03 Dec 2018 09:30 GMT

USD/JPY - 113.49
Dollar's intra-day gap-up open to 113.85 in New Zealand on active yen selling due to trade optimism after U.S. and China had agreed to halt tariffs for 90 days suggests pullback from last Wednesday's 2-week peak at 144.04 has ended at 133.20 (Thursday), subsequent retreat would bring consolidation before another rise, above 144.04 would re-test November's top at 144.21, then towards 144.55 (Oct's high).

Only below 113.20 would dampen bullish view and risk weakness to 112.88/89, then 112.66 but 112.31 should hold.

Data to be later today:
Swiss retail sales, manufacturing PMI, Italy Markit manufacturing PMI, France Markit manufacturing PMI, Germany Markit manufacturing PMI, EU Markit manufacturing PMI, UK Markit manufacturing PMI.
Canada Markit manufacturing PMI, and U.S. Markit manufacturing PMI, construction spending, ISM manufacturing PMI.

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AceTraderFx Dec 04 : Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 04 Dec 2018 09:30 GMT

USD/JPY - 113.12
Dollar's retreat to 113.38 after gap-up open to 113.85 (New Zealand) on Monday, then intra-day firm break below said support on falling U.S. Treasury yields suggests further choppy trading below last week's peak at 114.04 would continue and and stronger retracement towards 112.66 would be seen, break may extend to 112.31 (Nov's low).

On the upside, only above 113.70 would indicate temporary low has been made, risk gain to 113.85, then 114.04.

Data to be released later on Tuesday :
U.K. BRC retail sales, Markit construction PMI, France budget balance, Swiss CPI, EU producer price.
Canada labour productivity rate and U.S. redbook, ISM New York index.

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AceTraderFx Dec 05 : Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 05 Dec 2018 09:30 GMT

USD/JPY - 113.04
Despite yesterday's selloff to 112.57 on dollar's broad-based weakness, subsequent rebound suggests the near term fall from last week's high at 114.04 has made a temporary low there and consolidation with mild upside bias would be seen, however, 113.38 (previous support) would remain intact, yield another fall towards said support, break would extend weakness to 112.31.

On the upside, only above 113.28 would dampen daily bearishness and risk gain towards 113.69/71, then 113.85 but said 114.04 top should hold on first testing.

A reminder that U.S. markets will be closed today as President Trump designated it a National Day of Mourning in honor of former U.S. President George H.W. Bush.
The only U.S. data due out is the Fed's beige book. BoJ Gov. will be speaking at a financial venue in Tokyo at 09:30GMT.

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AceTraderFx Dec 06 : Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 06 Dec 2018 09:30 GMT

USD/JPY - 113.01
Despite intra-day selloff to 112.58 in Asia on risk averse buying of JPY, subsequent strong rebound suggests further choppy trading above Tuesday's trough at 112.57 would continue with upside bias and above 113.24 would yield stronger retracement of recent decline from 114.04 to 113.69/71 before prospect of another retreat early next week.

On the downside, only below 112.57/58 would revive bearishness for weakness towards November's trough at 112.31, break would signal erratic decline from 114.21 (Nov) has resumed and extend towards 111.90/92.

Data to be released later on Thursday :
Germany industrial orders, France current account.
U.S. ADP employment change, trade balance, initial jobless claims, labor costs, productivity, Markit services PMI, durable goods, durable ex-defense, durable ex-transport, factory orders, ISM non-manufacturing PMI.
Canada trade balance, exports, imports, Ivey PMI.

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AceTraderFx Dec 07 : Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 07 Dec 2018 09:30 GMT

USD/JPY - 112.84
Despite yesterday's selloff to 112.24 in Asia on risk averse buying of JPY, subsequent strong rebound suggests further choppy trading above Tuesday's trough at 112.57 would continue with upside bias and above 113.24 would yield stronger retracement of recent decline from 114.04 to 113.69/71, however, 113.85 would remain intact ahead of U.S. jobs report.

On the downside, only below 112.57/58 would revive bearishness for weakness towards November's trough at 112.31, break would signal erratic decline from 114.21 (Nov) has resumed and extend towards 111.90/92.

Data to be released later on Friday :
Germany industrial output, France industrial output, trade balance, import, export, U.K. Halifax house prices, Italy retail sales, EU GDP revised.
Canada employment change, unemployment rate and U.S. non-farm payrolls, private payrolls, unemployment rate, average earning, University of Michigan sentiment prelim, wholesale inventories, wholesale.

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AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates

 

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AceTraderFx Dec 10 : Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 10 Dec 2018 09:30 GMT

USD/JPY - 112.66
Despite the greenback's intra-day fall and re-test of last Thursday's 1-month low at 113.24, failure to penetrate this level and subsequent rebound suggests choppy trading above there is in store and marginal gain is likely to be seen, however, resistance at 112.92 should remain intact and yield another fall later.
Below 112.24 would extend decline from November's peak at 114.21 towards 111.92 later.

On the upside, only above 112.92 would indicate a temporary low has been made and risk stronger gain toward but 113.24 should cap price and yield retreat.

Data to be released later :
Swiss unemployment rate, Germany exports, imports, trade balance, current account, EU ECJ ruling on Article 50, Italy industrial output, UK GDP, industrial output, manufacturing output, construction output, goods trade balance GBP, trade balance non-EU, NIESR GDP estimate.
Canada housing starts, building permits, ADP employment change and U.S. JOLTS job openings on Monday.

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AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates

 

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

DAILY MARKET OUTLOOK on Major
Update Time: 11 Dec 2018 09:30 GMT

USD/JPY - 113.06
Despite the greenback's intra-day fall and re-test of last Thursday's 1-month low at 113.24, failure to penetrate this level and subsequent rebound suggests choppy trading above there is in store and marginal gain is likely to be seen, however, resistance at 112.92 should remain intact and yield another fall later. Below 112.24 would extend decline from November's peak at 114.21 towards 111.92 later.

On the upside, only above 112.92 would indicate a temporary low has been made and risk stronger gain towards but 113.24 should cap price and yield retreat.


AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates