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

• US PPI: The US PPI for February is predicted to increase by 0.2% monthly and by 1.9% annualized. Forex traders can compare this to the US PPI for January which decreased by 0.1% monthly and which increased by 2.0% annualized. The US Core PPI for February is predicted to increase by 0.2% monthly and by 2.6% annualized. Forex traders can compare this to the US Core PPI for January which increased by 0.3% monthly and by 2.6% annualized. The US Core PPI ex Trade for February is predicted to increase by 0.2% monthly and by 2.5% annualized. Forex traders can compare this to the US Core PPI ex Trade for January which increased by 0.2% monthly and by 2.5% annualized.
• US Preliminary Durable Goods Orders: US Preliminary Durable Goods Orders for January are predicted to decrease by 0.4% monthly and Durables Excluding Transportation are predicted to increase by 0.1% monthly. Forex traders can compare this to US Durable Goods Orders for December which increased by 1.2% monthly and to Durables Excluding Transportation which increased by 0.1% monthly. Capital Goods Orders Non-Defense Excluding Aircraft for January are predicted to increase by 0.2% monthly and Capital Goods Shipments Non-Defense Excluding Aircraft are predicted to decrease by 0.1% monthly. Forex traders can compare this to Capital Goods Orders Non-Defense Excluding Aircraft for December which decreased by 1.0% monthly and to Capital Goods Shipments Non-Defense Excluding Aircraft which were reported flat at 0.0% monthly.
• US Construction Spending: US Construction Spending for January is predicted to increase by 0.4% monthly. Forex traders can compare this to US Construction Spending for December which decreased by 0.6% monthly.

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

• Japanese Domestic Corporate Goods Price Index: The Japanese Domestic Corporate Goods Price Index for February increased by 0.2% monthly and by 0.8% annualized. Economists predicted an increase of 0.1% monthly and of 0.7% annualized. Forex traders can compare this to the Japanese Domestic Corporate Goods Price Index for January which decreased by 0.6% monthly and which increased by 0.6% annualized.
• Japanese Machine Orders: Japanese Machine Orders for January decreased by 5.4% monthly and by 2.9% annualized. Economists predicted a decrease of 1.5% monthly and of 2.1% annualized. Forex traders can compare this to Japanese Machine Orders for December which decreased by 0.1% monthly and which increased by 0.9% annualized.
• Japanese Tertiary Industry Index: The Japanese Tertiary Industry Index for January increased by 0.4% monthly. Economists predicted a decrease of 0.3% monthly. Forex traders can compare this to the Japanese Tertiary Industry Index for December which decreased by 0.5% monthly.

Should price action for the USDJPY remain inside the or breakdown below the 110.850 to 111.450 zone the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Short Position
• Entry Level: Short Position @ 111.300
• Take Profit Zone: 107.500 – 108.000
• Stop Loss Level: 112.100

Should price action for the USDJPY breakout above 111.450 the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Long Position
• Entry Level: Long Position @ 111.850
• Take Profit Zone: 113.200 – 113.700
• Stop Loss Level: 111.300

Open your PaxForex Trading Account now and add this currency pair to your forex portfolio.