AceTraderFx Oct 31: DAILY MARKET OUTLOOK on Major - USD/JPY

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AceTraderFx Jul 25: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 25 Jul 2019 09:30 GMT

USD/JPY - 108.07
Dollar's rally from last Thursday's 3-week low at 107.22 to 108.29 on Tue suggests decline from July's 1-month peak at 108.99 has made a temporary low and as price has rebounded after yesterday's pullback to 107.94 (New York), upside bias is retained for gain to 108.75 but 108.99 should remain intact.

On the downside, only below 107.71/78 may risk weakness towards 107.50/54.

U.S. will later release weekly jobless claims, durable goods order, wholesale inventories and finally Kansas City manufacturing index.

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

DAILY MARKET OUTLOOK on Major

Update Time: 26 Jul 2019 09:30 GMT

USD/JPY - 108.66
Dollar's rally above Tuesday's 108.29 high (now sup) to 108.75 in New York yesterday on rising U.S. yields suggests re-test of July's 1-month top at 108.99 would be seen after consolidation, break would extend upmove from June's 5-1/2 month trough at 106.79 towards 109.59 later.

On the downside, only a daily close below 108.29 would risk weakness towards 107.94, then 107.78.

Data to be released on Friday :
France consumer confidence, producer prices, Italy MFG business confidence, consumer confidence.
U.S. GDP, PCE, and Canada budget balance.

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AceTraderFx Jul 29: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 29 Jul 2019 09:30 GMT

USD/JPY - 108.65
Dollar's resumption of recent upmove from July's 3-week trough at 107.22 to 108.83 in New York on Friday suggests early correction from July's 1-month high at 108.99 has ended, and as price has rebounded after initial retreat to 108.43 in Asia today, upside bias remains, above 108.99 would extend rise from 106.79 (June's low) to 109.20/30 but 109.59 should hold.

On the downside, only below 108.29 would indicate temporary top made, risk weakness towards 107.94/98.

Data to be out later:
UK nationwide house price, Italy PPI, and U.S. Dallas Fed manufacturing business index on Monday.

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AceTraderFx Jul 30: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 30 Jul 2019 05:30 GMT

USD/JPY - 108.64
Although dollar's resumption of upmove from July's 3-week trough at 107.22 to 108.94 at Asian open suggests early correction from 108.99 (July's high) has ended, intra-day retreat following BOJ's unchanged rate decision signals choppy trading below said resistant would continue and only below 108.43 would head to 108.29, but 108.05 should remain intact.

On the upside, above 108.99 would extend rise from Jun's trough at 106.79 towards 109.32 before correction.

Data out on Tuesday :
New Zealand building permits, Australia building permits, Japan unemployment rate, industrial output, BOJ interest rate decision.
France GDP, budget balance, consumer spending, Germany GfK consumer sentiment, CPI, HICP, Swiss KOF indicator, EU business climate, economic sentiment, industrial sentiment, services sentiment, consumer confidence.
U.S. personal income, personal spending, PCE price index, Core PCE price index, redbook, CS home price, consumer confidence, pending home sales.

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AceTraderFx Aug 01: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 01 July 2019 09:30 GMT

USD/JPY - 109.13
Dollar's re-test of previous July's 108.99 high on Thursday after hawkish comments from Fed's Powell and then intra-day rise to an 8-week high at 109.31 (Asia) suggests recent upmove from June's 5-1/2 month trough at 106.79 has once again resumed and further headway towards 109.59, then 109.93 would be seen after consolidation.

On the downside, only below 108.72 (AUS) would risk stronger retracement towards 108.43.

Later today, U.S. will release weekly jobless claims, Markit mfg PMI, construction spending and ISM mfg PMI.

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AceTraderFx Aug 02: Daily Recommendations on Major - USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 02 Aug 2019 09:30 GMT

USD/JPY - 106.93
Dollar's selloff from yesterday's 8-week high to 107.27 in New York on U.S. President Trump's tweet on more tariffs on China, then to 106.84 today suggests early correction from June's 5-1/2 month trough at 106.79 has ended and re-test of this level would be seen after consolidation, where break would extend medium term decline towards 106.20/30.

On the upside, only above 107.56/57 would risk stronger retracement towards 107.95/00.

Data to be released on Friday :
Swiss CPI manufacturing PMI, Italy industrial output, retail sales, UK Markit construction PMI, EU PPI, retail sales.
U.S. non-farm payrolls, private payrolls, unemployment rate, average earnings, goods trade balance, ISM New York index, factory orders, durables ex-defense, durable goods, durables ex-transport, University of Michigan sentiment, and Canada trade balance, export, import.

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

DAILY MARKET OUTLOOK on Major
Update Time: 05 Aug 2019 09:30 GMT

USD/JPY - 105.95
Intra-day fall below Fri's 106.52 to a fresh 7-month bottom at 105.79 in Asia on active safe-haven yen buying due to escalating U.S.-China trade tension suggests Medium Term decline remains in progress and further weakness to 105.55 would be seen after consolidation but loss of momentum should keep price above 105.22.

On the upside, only above 106.52 would risk stronger retracement towards 106.85, then 107.27 before down.

U.S. economic calendar is very light today with Markit services PMI and ISM non-mfg PMI being only only data due out.
Also, we have Fed Governor Brainard who will speak on 'Payment Systems' in Kansas City at 17:30GMT.

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

DAILY MARKET OUTLOOK on Major
Update Time: 06 Aug 2019 09:30 GMT

USD/JPY - 106.36
Despite dollar's resumption of recent decline to a fresh 7-month bottom of 105.53 in Australia, subsequent rise to 107.09 in Asia on higher official USD/CNH mid-point reference rate suggests temporary low made and present retreat would bring range trading before prospect of another rise but 107.22/27 should remain intact and yield retreat.

On the downside, only below 105.80 would risk re-test of 105.53, break, 105.20/25 later.

Data to be released on Tuesday :
UK BRC retail sales, Germany industrial order, France non-farm payrolls, industrial output.
U.S. redbook, JOLTS job openings.
 

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AceTraderFx Aug 09: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 09 Aug 2019 09:30 GMT

USD/JPY - 105.94
Dollar's intra-day rebound from 105.73 (AUS) suggests 1st leg of correction from Wednesday's 7-month trough at 105.50 has ended at 106.30 yesterday and consolidation with upside bias remains, above 106.30 would extend gain towards 106.70/74 later.

On the downside, only below 105.73 would risk re-test of 105.50, break, 105.10/20.

Data to be released on Friday:
Germany exports, imports, trade balance, current account, France industrial output, Italy trade balance, global trade balance, CPI, CPI EU, U.K. NIESR GDP estimate, GDP, industrial output, manufacturing output, good trade balance, good trade balance non-EU.
Canada housing starts, building permits, employment change, unemployment rate, and U.S. PPI, core PPI.

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AceTraderFx Aug 12: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 12 Aug 2019 09:30 GMT

USD/JPY - 105.29
Dollar's intra-day break of Friday's 7-month bottom at 105.27 suggests medium term decline remains in progress and would head towards 105.00 after consolidation but loss of downward momentum should keep price above 2019 trough of 104.79 (January).

On the upside, only above 106.30/32 would confirm temporary low made and risk retracement towards 106.70/74.

On the economic calendar, no data is due out from the U.S. today, we have U.S. Federal budget due out at 18:00GMT, therefore, funds flow will have a greater impact on intra-day price swings.

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