Fundamentals Outlook The economic data for the week ahead will start off with the Fed Chair Jerome Powell speaking. The Fed president has given speeches a number of times in the past few weeks. This comes as the markets and the Fed try to reach a consensus on the future of interest rates. Other economic data from the U.S. includes the monthly producer price index. The data measures inflation at the factory gate and could indicate how consumer prices could settle in the coming months. Retail sales figures for December in the United States are also due this week. Given the holiday month, retail sales could be seen coming out stronger compared to the month before. Finally, factory orders report will be another report that could shed light on factory production. From the Eurozone, the economic calendar is quiet for the month part. The final inflation report for December will be coming out this week. This includes inflation reports for Germany and the Eurozone on the whole. Recent flash inflation estimates signaled that consumer prices had weakened. Economic data from Japan and Switzerland are relatively quiet for the most part this week. Are you still finding it difficult to profit from the market? We can help! Click Here to learn more... Chart set up: The USDJPY currency pair was seen maintaining its declines last week. However, the momentum is showing signs of exhaustion indicating that the Japanese yen could be looking to turn flat near the bottom end of the decline. This is seen from the bounce off the falling trend line that was breached. Key support/resistance levels: Support: 106.93; Resistance: 110.26 Commentary: The USDJPY is likely to seek support off the falling trend line and push higher. The upside resistance at 110.26 will be a key level of interest. As long as this resistance level holds, the USDJPY currency pair could be seen trading flat with the risk of another leg in the decline towards the 106.93 support. The Japanese yen is also influenced by the market risk appetite. With the U.S. government in a partial shutdown and the U.S. and China trade talks underway, we could expect to see some of the volatility. The USDJPY could be seen turning bullish This is the simple way to scan for the best price action setup everyday.  Click Here... Previous USDJPY Weekly Forex Forecast