Daily Recommendations on Major - USD/JPY
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Update Time: 09 Dec 2019 09:30GMT
USD/JPY - 108.53
Dollar's intra-day sideways move after retreat from 108.91 to 108.53 in New York last Fri due to falling US yields suggests correction from Wed's trough at 108.44 has ended at 108.99 Thur and re-test of said support is seen after consolidation, break would extend decline from Dec's high at 109.72 to 108.25/29 but 107.90 should hold due to loss of momentum.
On the upside, only above 108.91/99 signals temporary low made and risks gain to 109.20, break, 109.41.
Data to be released later:
Swiss unemployment rate, Germany exports, imports, trade balance, current account, EU Sentix index and Canada leading index, housing starts, building permits.
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