DAILY MARKET OUTLOOK on Major
Update Time: 12 Sept 2019 09:30GMT
USD/JPY - 107.87
Dollar's resumption of upmove from August's 33-month low at 104.46 to a fresh 5-week high at 108.16 in Asia today on easing U.S.-China trade tension suggests price would head to 108.42 after consolidation before prospect of correction due to loss of upward momentum.
On the downside, only below 107.19/20 signals temporary top made and yield weakness towards 106.93.
Pay attention to release of a slew of U.S. eco. data later today, market will pay attention to prelim. August CPI, core CPI, real weekly earnings, weekly jobless claims and later, Federal budget.
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