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

• US Advanced Goods Trade Balance: The US Advanced Goods Trade Balance for September is predicted at -$75.1B. Forex traders can compare this to the US Advanced Goods Trade Balance for August which was reported at -$75.8B.
• US Wholesale Inventories: US Preliminary Wholesale Inventories for September are predicted to increase by 0.5% monthly. Forex traders can compare this to US Wholesale Inventories for August which increased by 1.0% monthly.
• US Preliminary Durable Goods Orders: US Preliminary Durable Goods Orders for September are predicted to decrease by 1.5% monthly and Durables Excluding Transportation are predicted to increase by 0.4% monthly. Forex traders can compare this to US Durable Goods Orders for August which increased by 4.4% monthly and to Durables Excluding Transportation which were reported flat at 0.0% monthly. Capital Goods Orders Non-Defense Excluding Aircraft for September are predicted to increase by 0.5% monthly and Capital Goods Shipments Non-Defense Excluding Aircraft are predicted to increase by 0.5% monthly. Forex traders can compare this to Capital Goods Orders Non-Defense Excluding Aircraft for August which decreased by 0.9% monthly and to Capital Goods Shipments Non-Defense Excluding Aircraft which decreased by 0.2% monthly.
• US Initial Jobless Claims and Continuing Claims: US Initial Jobless Claims for the week of October 13th are predicted at 213K and US Continuing Claims for the week of October 6th are predicted at 1,660K. Forex traders can compare this to US Initial Jobless Claims for the week of October 6th which were reported at 210K and to US Continuing Claims for the week of September 29th which were reported at 1,640K.
• US Pending Home Sales: US Pending Home Sales for September are predicted to decrease by 0.1% monthly and by 0.5% annualized. Forex traders can compare this to US Pending Home Sales for August which decreased by 1.8% monthly and by 2.5% annualized.
• US Kansas City Fed Manufacturing Activity Index: The US Kansas City Fed Manufacturing Activity Index for October is predicted at 14. Forex traders can compare this to the US Kansas City Fed Manufacturing Activity Index for September which was reported at 13.

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 September increased by 1.2% annualized. Economists predicted an increase of 1.2% annualized. Forex traders can compare this to the Japanese Corporate Service Price Index for August which increased by 1.3% annualized.
• Japanese Buying Foreign Bonds and Japanese Buying Foreign Stocks/Foreign Buying Japanese Bonds and Foreigners Buying Japanese Stocks: Japanese Buying Foreign Bonds for October 19th was reported at ¥8.1B and Japanese Buying Foreign Stocks was reported at ¥287.8B. Forex traders can compare this to Japanese Buying Foreign Bonds for October 12th which was reported at ¥1,016.9B and to Japanese Buying Foreign Stocks which was reported at ¥81.8B. Foreign Buying Japanese Bonds for October 19th was reported at -¥408.2B and Foreigners Buying Japanese Stocks was reported at ¥76.5B. Forex traders can compare this to Foreign Buying Japanese Bonds for October 12th which was reported at -¥179.0B and to Foreigners Buying Japanese Stocks which was reported at ¥52.6B.

Should price action for the USDJPY remain inside the or breakdown below the 111.800 to 112.700 zone the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Short Position
• Entry Level: Short Position @ 112.250
• Take Profit Zone: 109.750 – 110.100
• Stop Loss Level: 112.900

Should price action for the USDJPY breakout above 112.700 the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Long Position
• Entry Level: Long Position @ 113.100
• Take Profit Zone: 114.100 – 114.550
• Stop Loss Level: 112.700

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