Daily recommendations on major – USD/JPY

AceTrader Team AceTrader

Daily market outlook on major

Update Time: 19 Sept 2022 09:30GMT.

USD/JPY - 143.44

Although dollar's rebound to 144.95 last Wednesday suggests pullback from September's 24-year peak at 144.98 has ended, subsequent selloff to 142.56 the same day on yen intervention warnings by Japan officials and daily sideways swings would yield further consolidation before up and above 143.80 would head to 144.45/55.

On the downside, only a daily close below 142.56 would risk stronger retracement to 142.05/15.

Data to be released later

U.K. market holiday, Japan market holiday, EU construction output.
Canada producer prices and U.S. NAHB housing market index on Monday.

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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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