AceTraderFx Feb 15: Daily Recommendations on Major –USD/JPY
DAILY MARKET OUTLOOK on Major
Update Time : 15 Feb 2022 09:30GMT
USD/JPY - 115.36
Despite dollar’s rise to a 5-week high of 116.33 last Thursday, subsequent selloff to 115.02 on Friday due to escalating tension in Ukraine suggests recent upmove has made a temporary top there signals choppy swings below Jan’s 5-year 116.34 peak would continue and below 115.02 would extend towards 114.78.
On the upside, only a daily close above 115.74 would risk stronger gain to 115.95/98.
U.S. will later release a slew of eco. data, pls refer to our EI page for details. Pay attention to final Jan PPI n core PPI.
AceTraderFx Feb 16: Daily Recommendations on Major –USD/JPY
DAILY MARKET OUTLOOK on Major
Update Time : 16 Feb 2022 09:30GMT
USD/JPY - 115.76
Dollar’s selloff fm last Thur’s 5-week high of 116.33 to as low as 115.02 (Fri) suggests choppy trading below Jan’s near 5-year peak at 116.34 would continue and despite strong rebound to 115.87 in NY yesterday on broad-based selling in yen due to easing tension in Ukraine, intra-day retreat signals consolidation with downside bias remains for 115.02, break, 114.78 later.
On the upside, only a daily close above 116.00/05 would risk re-test of 116.33.
U.S. will later release a slew of eco. data, pls refer to our EI page for details. Pay attention to Jan retail sales n last but not least, Fed minutes.
Minneapolis Fed President Kashkari (non voter) will host a virtual forum at 16:00GMT.
AceTraderFx Feb 17: Daily Recommendations on Major –USD/JPY
DAILY MARKET OUTLOOK on Major
Update Time : 17 Feb 2022 09:30GMT
USD/JPY - 115.01
Dollar’s selloff from last Thursday’s 5-week high of 116.33 to as low as 115.02 (Fri) suggests choppy trading below Jan’s near 5-year peak at 116.34 would continue and despite strong rebound to 115.87 on Tuesday on broad-based selling in yen due to easing tension in Ukraine, intra-day retreat signals consolidation with downside bias remains for 115.02, break, 114.78 later.
On the upside, only a daily close above 116.00/05 would risk re-test of 116.33.
AceTraderFx Feb 18: Daily Recommendations on Major –USD/JPY
DAILY MARKET OUTLOOK on Major
Update Time : 18 Feb 2022 09:30GMT
USD/JPY - 115.12
Despite dollar’s selloff from last Thursday’s 5-week high of 116.33 to as low as 115.02 (Fri), then break there to 114.85 in New York on safe-haven yen buying yesterday, intra-day rebound from 114.80 on de-escalation of Russia-Ukraine tension signals pullback from 116.33 has ended and consolidation with upside bias remains for 115.87 later.
On the downside, only a daily close below 114.80 would risk one more fall to 114.56/60.
AceTraderFx Feb 21: Daily Recommendations on Major –USD/JPY
DAILY MARKET OUTLOOK on Major
Update Time : 21 Feb 2022 09:30GMT
USD/JPY - 114.94
As dollar has ratcheted lower after staging a rebound on Fri from 114.80 to 115.29, suggesting erratic decline from Feb’s 116.33 high would head towards projected target, however, ‘loss of momentum’ should keep price above sup at 114.17.
On the upside, only a daily close above 115.29 signals temporary low is made, risks stronger retracement towards 115.53.
Data to be released later: U.K. Rightmove house price, Japan Jibun bank manufacturing PMI, China house prices, Germany producer prices, Markit manufacturing PMI, Markit services PMI, France Markit manufacturing PMI, Markit services PMI, EU Markit manufacturing PMI, Markit services PMI, U.K. Markit manufacturing PMI and Markit services PMI.
U.S. Market Holiday and Canada Market Holiday on Monday.
AceTraderFx Feb 22: Daily Recommendations on Major –USD/JPY
DAILY MARKET OUTLOOK on Major
Update Time : 22 Feb 2022 09:30GMT
USD/JPY - 114.87
Although dlr’s initial firm break of last week’s low at 114.80 to a 2-week trough of 114.51 suggests recent 3-legged rise from Jan’s 114.17 bottom has ended at 116.33 in mid-Feb, present short-covering rebound would bring consolidation.
Above 115.12 would risk gain to 115.29 where a daily close above there needed to bring stronger retracement of said decline to 115.53 later. Below 114.51 would extend weakness twd 114.17 but loss of momentum should keep price above 113.75/80.
Data to be released on Tuesday :
Italy CPI, Germany Ifo business climate, Ifo current conditions, Ifo expectations, U.K. PSNB, PSNCR, CBI trends orders.U.S. monthly home price, Markit manufacturing PMI, Markit services PMI and consumer confidence on Tuesday.
AceTraderFx Feb 24: Daily Recommendations on Major –USD/JPY
DAILY MARKET OUTLOOK on Major
Update Time : 24 Feb 2022 09:30GMT
USD/JPY - 114.65
The greenback’s intra-day fall on renewed escalation of tensions between Ukraine and Russia and current break below Tuesday’s low at 114.51 suggests recent decline has once again resumed and further weakness towards 114.10/20 would be seen after consolidation, however, loss of momentum would keep price above 113.90/00.
On the upside, only above 114.80/90 would indicate a temporary low has been made and risk stronger retracement towards 115.15/20.
Data to be released on Thursday:
Australia capital expenditure, building capex, Swiss non-farm payrolls, France consumer confidence, Italy industrial sales.
U.S. building permits, GDP, PCE price, initial jobless claims, continuing jobless claims, national activity index, average weekly earnings, new home sales and KC Fed manufacturing.
AceTraderFx Feb 25: Daily Recommendations on Major –USD/JPY
DAILY MARKET OUTLOOK on Major
Update Time : 25 Feb 2022 09:30GMT
USD/JPY - 115.30
Dollar’s cross-inspired rally in tandem with U.S. yields from Thur’s 2-week trough of 114.42 to as high as 115.69 (New York) suggests recent erratic fall from Feb’s 116.33 peak has ended and subsequent retreat in Asia today would bring choppy swings before another rise, above 115.69 would encourage for stronger gain to 115.87, then towards 116.33 next week.
On the downside, only daily close below 115.00 dampens bullish view, risks 114.70/80 but reckon 114.42 would remain intact.
AceTraderFx Feb 28: Daily Recommendations on Major –USD/JPY
DAILY MARKET OUTLOOK on Major
Update Time : 28 Feb 2022 09:30GMT
USD/JPY - 115.55
Despite the greenback’s gap-down open to 115.01 on risk-averse buying of jpy due to continued tensions between Ukraine and Russia, subsequent swift strong rebound to 115.77 suggests consolidation with upside bias remains and above Friday’s high at 115.78 would head to 116.05/10, however, loss of momentum would keep price below 116.30 and bring correction later.
On the downside, only below 115.01 would indicate a temporary top has been made and risk stronger retracement to 114.75/80.
Data to be released today:
UK house price, Swiss retail sales, GDP, KOF indicator.
Canada current account, producer prices and U.S. trade balance, wholesale inventories, Chicago PMI, Dallas Fed manufacturing on Monday.
AceTraderFx Mar 01: Daily Recommendations on Major –USD/JPY
DAILY MARKET OUTLOOK on Major
Update Time : 01 Mar 2022 09:30GMT
USD/JPY - 115.00
The greenback’s gap-down open to 115.01 in New Zealand yesterday on risk-averse buying of jpy due to continued tensions between Ukraine and Russia and then fall to 114.87 near New York closing suggests recent upmove from 114.48 has ended and consolidation with downside bias remains for a re-test of said support, break would extend recent decline to 114.10/20.
On the upside, only above Asian 115.28 high would indicate a temporary low has been made and risk stronger gain to 115.40/50.
Data to be released on Tuesday:
Swiss manufacturing PMI, Italy manufacturing PMI, CPI, France manufacturing PMI, Germany manufacturing PMI, CPI, HICP, EU manufacturing PMI, UK manufacturing PMI.
Canada GDP, manufacturing PMI, U.S. manufacturing PMI and construction spending.
AceTraderFx Mar 02: Daily Recommendations on Major –USD/JPY
DAILY MARKET OUTLOOK on Major
Update Time : 02 Mar 2022 09:0GMT
USD/JPY - 115.22
Despite the greenback’s gap-down open to 115.01 on Monday and yesterday’s fall to 114.72 on risk-averse buying of jpy due to continued tensions between Ukraine and Russia, intra-day strong rebound suggests consolidation with upside bias remains and above Friday’s high at 115.78 would head to 116.05/10, however, loss of momentum would keep price below 116.30 and bring correction later.
On the downside, only below 114.72 would indicate a temporary top has been made and risk stronger retracement to 114.55/60.
Data on Wednesday:
France budget balance, UK shop price index, Germany unemployment change, unemployment rate, EU HICP, core HICP.
U.S. ADP employment and Canada BoC rate decision.
AceTraderFx Mar 03: Daily Recommendations on Major –USD/JPY
DAILY MARKET OUTLOOK on Major
Update Time : 03 Mar 2022 09:00GMT
USD/JPY - 115.75
Despite the greenback’s gap-down open to 115.01 on Monday and yesterday’s fall to 114.72 on risk-averse buying of jpy due to continued tensions between Ukraine and Russia, intra-day strong rebound suggests consolidation with upside bias remains and above Friday’s high at 115.78 would head to 116.05/10, however, loss of momentum would keep price below 116.30 and bring correction later.
On the downside, only below 114.72 would indicate a temporary top has been made and risk stronger retracement to 114.55/60.
Data to be released on Thursday:
Swiss CPI, Italy services PMI, France services PMI, Germany services PMI, EU services PMI, PPI, unemployment rate, UK services PMI.
U.S. jobless claims, labor costs, productivity, services PMI, durable goods and factory orders.
AceTraderFx Mar 04: Daily Recommendations on Major –USD/JPY
DAILY MARKET OUTLOOK on Major
Update Time : 04 Mar 2022 09:00GMT
USD/JPY - 115.45
Despite the greenback’s gap-down open to 115.01 on Monday and yesterday’s fall to 114.72 on risk-averse buying of jpy due to continued tensions between Ukraine and Russia, intra-day strong rebound suggests consolidation with upside bias remains and above Friday’s high at 115.78 would head to 116.05/10, however, loss of momentum would keep price below 116.30 and bring correction later.
On the downside, only below 114.72 would indicate a temporary top has been made and risk stronger retracement to 114.55/60.
Data to be released on Friday:
Germany exports, imports, trade balance, current account, Italy GDP, UK construction PMI, EU retail sales.
Canada building permits, labor productivity, Ivey PMI and U.S. non-farm payrolls, private payrolls, unemployment rate, average earnings.
AceTraderFx Mar 08: Daily Recommendations on Major –USD/JPY
DAILY MARKET OUTLOOK on Major
Update Time : 08 Mar 2022 09:00GMT
USD/JPY - 115.44
Despite dlr’s erratic rise from February’s 114.42 low to a 2-1/2 week high of 115.80 last Thursday, selloff to 114.66 Friday on active safe-haven yen buying due to Ukraine fears signals ‘choppy’ swings inside recent 116.33-114.42 broad range would continue.
Monday’s cross-inspired rise to 115.47 would re-test 115.80, abone 116.17.
Only below 114.81 risks 114.66
Data to be released on Tuesday:
Germany industrial output, Italy retail sales, EU employment, GDP.
Canada leading index, trade balance, exports, imports, U.S. international trade balance, goods trade balance, redbook, wholesale inventories and wholesale sales
AceTraderFx Mar 09: Daily Recommendations on Major –USD/JPY
DAILY MARKET OUTLOOK on Major
Update Time : 09 Mar 2022 09:00GMT
USD/JPY - 115.84
Intra-day break of last week’s 115.80 high suggests consolidation with upside bias remains for further gain, however, above 2022 5-year peak at 116.34 is needed to retain bullish prospect of further headway to 116.70/80 later this week.
On the downside, only a daily close below 115.43 (Tuesday New York low) signals temporary top is made, risks stronger retracement to 115.05/10.
Data to be released on Wednesday:
U.K. BRC retail sales, France non-farm payrolls, Ital industrial output.
U.S. MBA mortgage application and JOLTS jobs opening.
AceTraderFx Mar 10: Daily Recommendations on Major –USD/JPY
DAILY MARKET OUTLOOK on Major
Update Time : 10 Mar 2022 09:00GMT
USD/JPY - 115.92
Dollar’s intra-day retreat from Asian 4-week high of 116.19 suggests consolidation would take place before prospect of re-test of 2022 5-year peak at 116.34 (Jan), break would extend recent upmove twd projected target at 116.73 later today or tomorrrow.
On the downside, only below 115.57 (Wed low) signals top is in place and risks stronger retracement to 115.40/45.
Data to be released on Thursday:
U.K. RIVS housing price balance, trade balance, construction output, Italy producer prices, EU ECB Refinancing rate, ECB deposit rate.
U.S. CPI, initial jobless claims, continuing jobless claims and Federal budget.
AceTraderFx Mar 11: Daily Recommendations on Major –USD/JPY
DAILY MARKET OUTLOOK on Major
Update Time : 11 Mar 2022 09:00GMT
USD/JPY - 116.83
Dollar’s intra-day anticipated rally above Jan’s 5-year peak at 116.34 on renewed broad-based usd’s strength and yen’s weakness suggests price is en route to 117.25/30, overbought condition should cap price at 117.85/95 and risk has increased for a minor correction to take place on Mon.
Only a daily close below 116.34 would be 1st signal temporary top is in place and yield stronger retracement towards 115.82.
Data to be released on Friday:
U.K. GDP, industrial output, manufacturing output, Germany CPI, HICP, Italy unemployment, U.K. consumer inflation expectation, NISER GDP estimation.
Canada capacity utilization, employment change, unemployment rate and U.S. University of Michigan sentiment.
AceTraderFx Mar 14: Daily Recommendations on Major –USD/JPY
DAILY MARKET OUTLOOK on Major
Update Time : 14 Mar 2022 09:30GMT
USD/JPY - 117.73
Dollar’s intra-day anticipated rally above Jan’s 5-year peak at 116.34 on renewed broad-based usd’s strength and yen’s weakness suggests price is en route to 117.25/30, overbought condition should cap price at 117.85/95 and risk has increased for a minor correction to take place on Monday.
Only a daily close below 116.34 would be 1st signal temporary top is in place and yield stronger retracement towards 115.82.
Data to be released today:
U.K. Rightmove house price, France exports, imports, trade balance, current account and Italy trade balance on Monday.
AceTraderFx Mar 15: Daily Recommendations on Major –USD/JPY
DAILY MARKET OUTLOOK on Major
Update Time : 15 Mar 2022 09:30GMT
USD/JPY - 117.91
Despite the dollar’s impressive rally on Friday above January’s 117.34 top to a fresh 5-year peak of 118.44 in Asia Tuesday, present sharp retreat in European morning on broad based yen buying signals consolidation is seen before recent upmove resumes and heads towards 118.66 later.
On the downside, only a daily close below 117.35 would suggest a temporary top is made and risk stronger retracement to 117.00/05.
Data to be released on Tuesday:
Germany wholesale price index, ZEW current conditions, ZEW economic sentiment, U.K. average weekly earnings, employment change, ILO unemployment rate, claimant count, Swiss producer/import price, housing starts, France CPI, EU ZEW survey expectation, industrial production.
U.S. PPI, redbook, NY Fed manufacturing and Canada manufacturing sales.
AceTraderFx Mar 16: Daily Recommendations on Major –USD/JPY
DAILY MARKET OUTLOOK on Major
Update Time : 16 Mar 2022 09:30GMT
USD/JPY - 118.35
Although dollar’s sharp retreat from yesterday’s fresh 5-year top at 128.44 to 127.71 in Europe signals recent erratic upmove has made a temp. top there, subsequent strong rebound in tandem with U.S. yields and stocks in New York suggests consolidation with upside bias remains for re-test of 118.66 (2016 top) but loss of momentum would cap price at 119.00/05 and yield correction.
On the downside, only a daily close below 117.71 would risk stronger retracement to 117.30/35.
Data to be released on Wednesday:
New Zealand current account, Japan trade balance, imports, exports, industrial production, Australia Westpac leading index, China house prices.
Italy CPI.
U.S. MBA mortgage application, retail sales, imports prices, export prices, NAHB housing market index, business inventories, Fed interest rate decision, Canada wholesale trade and CPI.
DAILY MARKET OUTLOOK on Major