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

• US Advanced Retail Sales: US Advanced Retail Sales for September are predicted to increase by 0.6% monthly and Retail Sales Less Autos are predicted to increase by 0.5% monthly. Forex traders can compare this to US Advanced Retail Sales for August which decreased by 0.3% monthly and to Retail Sales Less Autos which decreased by 0.1% monthly. Retail Sales Less Autos and Gas for September are predicted to increase by 0.3% monthly and Retail Sales Control Group are predicted to increase by 0.3% monthly. Forex traders can compare this to Retail Sales Less Autos and Gas for August which decreased by 0.1% monthly and to Retail Sales Control Group which decreased by 0.1% monthly.
• US PP: The US PPI for September is predicted to increase by 0.2% monthly and by 0.6% annualized. Forex traders can compare this to the US PPI for August which was reported flat at 0.0% monthly and flat at 0.0% annualized. The US Core PPI for September is predicted to increase by 0.1% monthly and by 1.2% annualized. Forex traders can compare this to the US Core PPI for August which increased by 0.1% monthly and by 1.0% annualized.
• US Business Inventories: US Business Inventories for August are predicted to increase by 0.1% monthly. Forex traders can compare this to US Business Inventories for July which were reported flat at 0.0% monthly.
• US Michigan Consumer Confidence: Preliminary US Michigan Consumer Confidence for October is predicted at 92.0. Forex traders can compare this to US Michigan Consumer Confidence for September which was reported at 91.2.

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

• Japanese Buying Foreign Bonds and Japanese Buying Foreign Stocks/Foreign Buying Japanese Bonds and Foreigners Buying Japanese Stocks: Japanese Buying Foreign Bonds for October 7th was reported at -¥737.7B and Japanese Buying Foreign Stocks which was reported at ¥87.1B. Forex traders can compare this to Japanese Buying Foreign Bonds for September 30th which was reported at -¥636.8B and to Japanese Buying Foreign Stocks which was reported at ¥362.2B. Foreign Buying Japanese Bonds for October 7th was reported at ¥289.6B and Foreigners Buying Japanese Stocks which was reported at ¥430.3B. Forex traders can compare this to Foreign Buying Japanese Bonds for September 30th which was reported at ¥1,192.0B and to Foreigners Buying Japanese Stocks which was reported at ¥251.7B.
• Japanese Domestic Corporate Goods Price Index: The Japanese Domestic Corporate Goods Price Index for September was reported at 0.0% monthly and as a decrease of 3.2% annualized. Economists predicted a decrease of 0.1% monthly and of 3.2% annualized. Forex traders can compare this to the Japanese Domestic Corporate Goods Price Index for August which decreased by 0.3% monthly and by 3.6% annualized.

Should price action for the USDJPY remain inside the or breakout above the 104.000 to 104.500 zone the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Long Position
• Entry Level: Long Position @ 104.250
• Take Profit Zone: 107.500– 108.000
• Stop Loss Level: 103.000

Should price action for the USDJPY breakdown below 104.000 the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Short Position
• Entry Level: Short Position @ 103.750
• Take Profit Zone: 100.000 – 100.500
• Stop Loss Level: 104.500

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