AceTraderFx May 17: Daily Recommendations on Major -USD/JPY DAILY MARKET OUTLOOK on Major Update Time: 17 May 2019 09:30 GMT USD/JPY - 109.67 Despite dollar's strong rebound from Mon's 3-month trough of 109.02 to 110.03 in Asian morning today, subsequent fall to 109.55 at European open on renewed U.S.-China trade tension suggests recovery has ended and price would head to 109.15/16 after range trading. On the upside, only a daily close above 110.05 would risk gain towards 110.28/32, then possibly 110.60/70. On the data front, U.S. will release a slew of eco. data (please see our EI page for details). Also we have a number of Fed officials speaking in New York session later (see EI page for details).