• USD/JPY consolidated around 153.75 on Tuesday as robust U.S. economic growth and the Trump administration's assertive trade policies continue to propel the U.S. dollar upward.
• Focus is on the October Consumer Price Index data on Wednesday, the Producer Price Index and weekly jobless claims on Thursday, and retail sales data on Friday.
•Traders have not fully priced in a 25 basis point cut from the Fed next month but the data in the coming days will dictate the rate path.
• At GMT 08:09, the pair was up at 0.02 percent at 153.74, having touched day high at 154.11 earlier in the day.
• Immediate resistance is located at 154.28 (23.6%fib), any close above will push the pair towards 155.02(Higher BB).
• Support is seen at 152.56(Nov 11th low) and break below could take the pair towards 151.56(38.2%fib)
Recommendation: Good to buy around 153.50 with stop loss of 152.50 and target price of 154.60
