USDJPY Daily Forecast Nov 09 2018

USDJPY: Bullish, Eyes On 114.25 Level…

As long as 113.65 support holds on a daily closing basis, the USDJPY remains on the upside to 114.20 level. A halt is likely, it may test 113.65 before another up. Anyway; above 114.25 aims 114.95 level, further upside, resistance comes at 115.45 level.

On the downside, support comes at 113.65 ahead of 113.15 (main), below that level will turn outlook neutral for 112.29 where another rise is likely…

Conclusion: The USDJPY sees upside threats above 113.65 levels

Support: 113.65, 113.15, 112.29, 111.75

Resistance: 114.25, 114.95, 115.45, 116.05

Key data/events which may affect USDJPY today:

The U.S will report on producer price inflation at 13:30 GMT. The forecast is to rise 0.3%, from 0.2% in the preceding month. Above forecast will support USD.