Here are the key factors to keep in mind today for US Dollar trades:

• US S&P/Case-Shiller Composite 20: The US S&P/Case-Shiller Composite 20 for October is predicted to increase by 0.50% monthly and by 5.10% annualized. Forex traders can compare this to the US S&P/Case-Shiller Composite 20 for September which increased by 0.40% monthly and which increased by 5.10% annualized.
• US Consumer Confidence: US Consumer Confidence for December is predicted at 109.0. Forex traders can compare this to US Consumer Confidence for November which was reported at 107.1.
• US Richmond Fed Manufacturing Index: The US Richmond Fed Manufacturing Index for December is predicted at 5. Forex traders can compare this to the US Richmond Fed Manufacturing Index for November which was reported at 4.
• US Dallas Fed Manufacturing Index: The US Dallas Fed Manufacturing Index for December is predicted at 10.2. Forex traders can compare this to the US Dallas Fed Manufacturing Index for November which was reported at 10.2.

Here is the key factor to keep in mind today for Japanese Yen trades:

• Japanese Jobless Rate and Job-to-Applicant Ratio: The Japanese Jobless Rate for November was reported at 3.1% and the Job-to-Applicant Ratio at 1.41. Economists predicted a figure of 3.0% and 1.40. Forex traders can compare this to the Japanese Jobless Rate for October which was reported at 3.0% and to the Job-to-Applicant Ratio which was reported at 1.40.
• Japanese Household Spending: Japanese Household Spending for November decreased by 1.5% annualized. Economists predicted an increase of 0.2% annualized. Forex traders can compare this to Japanese Household Spending for October which decreased by 0.4% annualized.
• Japanese National CPI: The Japanese National CPI for November increased by 0.5% annualized. Economists predicted an increase of 0.1% annualized. Forex traders can compare this to the Japanese National CPI for October which increased by 0.1% annualized. The Japanese National Core CPI for November increased by 0.1% annualized. Economists predicted an increase of 0.1% annualized. Forex traders can compare this to the Japanese National Core CPI for October which increased by 0.1% annualized. The Japanese National CPI Excluding Fresh Food for November decreased by 0.4% annualized. Economists predicted a decrease of 0.3% annualized. Forex traders can compare this to the Japanese National CPI Excluding Fresh Food for October which decreased by 0.4% annualized.
• Japanese Housing Starts: Japanese Housing Starts for November increased by 6.7% annualized to 0.937M units. Economists predicted an increase of 9.6% annualized to 1.077M units. Forex traders can compare this to Japanese Housing Starts for October which increased by 13.7% annualized to 0.983M units. Construction Orders for November decreased by 6.0% annualized. Forex traders can compare this to Construction Orders for October which increased by 15.2% annualized.
• Japanese Small Business Confidence: Japanese Small Business Confidence for December was reported at 48.8. Forex traders can compare this to Japanese Small Business Confidence for November which was reported at 48.3.

Should price action for the USDJPY remain inside the or breakdown below the 117.000 to 117.500 zone the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Short Position
• Entry Level: Short Position @ 117.250
• Take Profit Zone: 106.000 – 106.500
• Stop Loss Level: 119.000

Should price action for the USDJPY breakout above 117.500 the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Long Position
• Entry Level: Long Position @ 118.250
• Take Profit Zone: 119.500 – 120.000
• Stop Loss Level: 117.000

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