Daily Recommendations on Major - USD/JPY

AceTrader Team AceTrader

DAILY MARKET OUTLOOK on Major

Update Time: 08 Nov 2019 09:30GMT

USD/JPY - 109.28
Dollar's firm break of October's high at 109.28 to a 5-month top at 109.48 (New York) yesterday on rising U.S. yields signals upmove from August's 33-month trough at 104.46 has resumed and gain towards 109.93 would be seen after consolidation but 110.00 should hold due to loss of upward momentum.

On the downside, only below 108.83 suggests temporary top has been made and risks weakness to 108.66, break, 108.32.

Data to be released on Friday :
Swiss unemployment rate, Germany exports, imports, trade balance, current account, France current account, industrial output, non-farm payrolls, trade balance, imports, exports.
Canada housing starts, building permits, employment change, unemployment rate, and U.S. University of Michigan sentiment, wholesale inventories, wholesale sales.

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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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