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

• US Chicago Fed National Activity Index: The US Chicago Fed National Activity Index for January was reported at -0.05. Economists predicted a figure of 0.00. Forex traders can compare this to the US Chicago Fed National Activity Index for December which was reported at 0.18.
• US Initial Jobless Claims and Continuing Claims: US Initial Jobless Claims for the week of February 18th were reported at 244K and US Continuing Claims for the week of February 11th were reported at 2,060K. Economists predicted a figure of 240K and of 2,068K. Forex traders can compare this to US Initial Jobless Claims for the week of February 11th which were reported at 238K and US Continuing Claims for the week of February 4th which were reported at 2,077K.
• US House Price Purchase Index: The US House Price Purchase Index for December increased by 0.4% monthly and by 1.5% annualized. Forex traders can compare this to US House Price Purchase Index for November which increased by 0.7% monthly and by 1.5% annualized.
• US Kansas City Fed Manufacturing Activity Index: The US Kansas City Fed Manufacturing Activity Index for February is predicted at 10. Forex traders can compare this to the US Kansas City Fed Manufacturing Activity Index for February which was reported at 9.

Here are the key factors to keep in mind today for Japanese Yen trades:

• Japanese Corporate Service Price Index: The Japanese Corporate Service Price Index for January increased by 0.5% annualized. Economists predicted an increase of 0.5% annualized. Forex traders can compare this to the Japanese Corporate Service Price Index for December which increased by 0.5% annualized.
• Japanese Buying Foreign Bonds and Japanese Buying Foreign Stocks/Foreign Buying Japanese Bonds and Foreigners Buying Japanese Stocks: Japanese Buying Foreign Bonds for February 17th was reported at ¥48.2B and Japanese Buying Foreign Stocks which was reported at ¥164.9B. Forex traders can compare this to Japanese Buying Foreign Bonds for February 10th which was reported at -¥294.1B and to Japanese Buying Foreign Stocks which was reported at -¥96.7B. Foreign Buying Japanese Bonds for February 17th was reported at -¥141.2B and Foreigners Buying Japanese Stocks which was reported at -¥127.9B. Forex traders can compare this to Foreign Buying Japanese Bonds for February 10th which was reported at -¥101.1B and to Foreigners Buying Japanese Stocks which was reported at ¥175.8B.
• Japanese Leading Index and Japanese Coincident Index: The Final Japanese Leading Index for December was reported at 104.8. Forex traders can compare this to the first Japanese Leading Index for December which was reported at 105.2. The Final Japanese Coincident Index for December was reported at 114.8. Forex traders can compare this to the first Japanese Coincident Index for December which was reported at 115.2.

Should price action for the USDJPY remain inside the or breakdown below the 112.500 to 113.000 zone the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Short Position
• Entry Level: Short Position @ 112.750
• Take Profit Zone: 104.500 – 105.500
• Stop Loss Level: 115.000

Should price action for the USDJPY breakout above 113.000 the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Long Position
• Entry Level: Long Position @ 113.500
• Take Profit Zone: 117.750 – 118.750
• Stop Loss Level: 112.500

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