Daily Recommendations on Major - USD/JPY

AceTrader Team AceTrader

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

USD/JPY - 110.10
Dollar's intra-day brief break of Friday's 5-week low at 109.74 to 109.71 in Asia due to selloff in Nikkei-225 suggests recent decline from March's 10-week peak at 112.14 has resumed, subsequent rebound would bring range trading before prospect of another fall towards 109.15/25.

On the upside, only above 110.30 would indicate temporary low made and yield stronger retracement towards 110.65.

Data to be released later:
Germany Ifo business climate, Ifo current conditions, Ifo expectations, and U.S. Chicago national activity index, Dallas Fed manufacturing business index on Monday.

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AceTrader Team

AceTrader

Led by world-renowned technical analyst Wilson Leung, we have a team of 7 analysts monitoring the market and updating our recommendations and commentaries 24 hours a day.

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