Daily recommendations on major – USD/JPY

AceTrader Team AceTrader

Daily market outlook on major

Update Time: 12 Oct 2022 09:30GMT.

USD/JPY - 146.23

Dollar's intra-day rally above Sep's 24-year peak at 145.89 to 146.38 in Asia signals long term upmove has once again resumed and despite intervention warnings by Japan officials, outlook remains bullish for gain towards next projected target at 146.96 'later'.

On the downside, only a daily close below 145.71/74 would indicate temporary top made and risk stronger retracement towards 145.43, break, 144.93/03.

Data to be released on Wednesday

U.K. GDP, industrial output, manufacturing output, construction output, trade balance, EU industrial output.
U.S. MBA mortgage application and U.S. PPI.

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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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