AceTraderFx Sept 07: Daily Recommendations on Major -USD/JPY
[B]DAILY MARKET OUTLOOK on Major [/B]
Update Time: [B] 07 Sept 2018[/B] [I]09:30 GMT[/I]
USD/JPY - 110.69
Dollar’s intra-day selloff yesterday on downbeat U.S. ADP data together with increase trade tensions and break of previous support at 110.69 to 110.53, then lower to 110.38 today suggests decline from last week’s high at 111.83 to retrace upmove from August’s trough at 109.78 has resumed and further weakness towards 110.20 would be seen but said low should remain intact ahead of today’s NFP release.
On the upside, only above 110.94 would indicate a temporary low has been made and risk would increase for a stronger retracement towards 111.17/20.
[B]Data to be released later: [/B]
Swiss unemployment rate, Germany industrial output, imports ,exports, trade balance, current account, France exports, imports, trade balance, industrial output, current account, UK, Halifax house prices, RICS housing price balance, Italy retail sales, EU GDP.
U.S. non-farm payrolls, private payrolls, unemployment rate, average earnings, and Canada employment change, unemployment rate, Ivey PMI.