Daily Recommendations on Major - USD/JPY

   DAILY MARKET OUTLOOK on Major
Update Time: 13 Feb 2019 09:30 GMT

USD/JPY - 110.75
Intra-day break of yesterday's 6-week high at 110.65 suggests recent upmove from January's 9-month trough of 104.79 remains in progress and further gain towards 111.10 would be seen but loss of momentum should cap price below 111.38/45 and yield correction.

Only below 110.16 would indicate temporary top made, risk weakness to 109.76/80 before prospect of rebound.

Data to release on Wednesday :
Australia Westpac consumer survey, Japan corp goods price, New Zealand RBNZ interest rate decision.
UK CPI, RPI, PPI input, PPI output, EU industrial production.
U.S. CPI, real weekly earnings, Federal budget.

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