Chair Powell does not loosen accelerator, FOMC expects zero interest rate until the end of 2010

・Chair Powell expresses determination to use all means for the required period
・It takes time for the labor market to fully recover, and YCC adoption will continue to be discussed-Chair

US Federal Reserve Chairman Powell said on Thursday that authorities would revive the US economy until the labor market was hit by the pandemic of the new coronavirus. I sent a powerful message to continue.

The Federal Open Market Committee (FOMC) decided to hold the target range for the federal fund (FF) interest rate at 0-0.25% at a regular meeting held on the 9th and 10th. He also said that he would maintain “at least” the current pace of asset purchases, and that he would keep the policy rate near zero until the end of 2022.

(Source: Bloomberg)

The US dollar is weak. From the fact that the zero interest rate is expected until the end of 2010, the weak condition continues.

Regarding EUR, although EURUSD has risen, in EURJPY and EURCHF, etc., buying to JPY and CHF is strong, and it does not rise as expected and it is loss cut.

We also think that it is easy to buy EUR from the idea that money will flow to EUR due to the flow of USD selling.

Considering buying EURCHF as it is technically easy to enter.
Stop is 1.0684

Currently, the power balance in 15 minutes is

CHF > JPY > EUR > USD > GBP > CAD > NZD > AUD

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