Daily Recommendations on Major - USD/JPY

   DAILY MARKET OUTLOOK on Major 
Update Time: 14 Feb 2019 09:30 GMT

USD/JPY - 111.09
The greenback's break of yesterday's 6-week peak at 111.06 on Trump's extension for China tariffs deadline to 111.13 suggests erratic upmove from January's 9-month trough at 104.79 remains in progress and further gain towards 111.40 would be seen, however, over bought condition would keep price below resistance at 111.72 and yield correction.

On the downside, only below 110.65 (previous resistance, now support) would indicate a temporary top has been made and risk stronger retracement to 110.35.

Data to be released later : 
France ILO unemployment rate, Germany GDP, wholesale price index, Swiss producer/import price, EU employment change, GDP.
U.S. initial jobless claims, PPI, retail sales, business inventories, and Canada manufacturing sales, new housing price index.

Trendsetter does not warrant or guarantee the accuracy, timeliness or completeness to its service or information contained therein. Trendsetter does not give, whatsoever, warranties, expressed or implied, to the results to be obtained by using its services or information it provided. Users are trading on their own risk and Trendsetter shall not be responsible under any circumstances for the consequences of such activities. Trendsetter and its affiliates, in no event, be liable to users or any third parties for any consequential damages, however arising, including but not limited to damages caused by negligence whether such damages were foreseen or unforeseen.