Currently, each currency shows various price movements. The dollar-yen pair has been bought to the 122-yen level, and the decline until the day before has stopped. The US-Japan monetary policy gap is a factor pushing up the dollar and yen, but with rapid movements like this week, the market will be skeptical of the government and the Bank of Japan’s depreciation of the yen. The upper price seems to be heavy in the short term because the market price was once bought up to the 125 yen level. The mood for assessing tomorrow’s US employment statistics is likely to spread.
Eurodollar is strong. Progress made during this week’s Ukraine-Russia ceasefire talks has prompted a buyback of the euro. Inflation is expanding the outlook for the ECB rate hike by the end of the year, as the preliminary German consumer price index (EU standard) was up 7.6% year-on-year on the previous day.
Pound dollars are currently sold predominantly. The latter half of 1.31 units have been pushed back to the first half of Hara. The UK-Central Bank’s additional interest rate hike is likely to continue, but inflation has outpaced wage increases, putting pressure on households. It has been pointed out that it is unclear how long the rate hike will continue and whether it will not be a brake on economic growth. Sterling buying against the euro has been unwound.
The Australian dollar has a heavier upside. The dollar is below 0.75 and the yen is selling at the 92 yen level. Unstable crude oil prices are shaking the Australian dollar. In the morning of Tokyo, it was reported that the US government was considering releasing a large amount of strategic stockpiles of crude oil, and the crude oil market plummeted. It is squeezing the Australian dollar.
The dollar index has been on a downward trend since the beginning of this week. Although the US FOMC is expected to raise interest rates sharply, the dollar is being pushed back by factors other than US interest rates.
The US employment statistics are coming up tomorrow, and the overseas market after this is likely to be nervous. It’s hard to imagine price movements in one direction.
Today, ahead of tomorrow’s US employment statistics, it is assumed that it will be difficult to move, but if it does, it will be after Canada GDP and personal consumption expenditure in February in the United States.
If there is no flow, I would like to refrain from making unreasonable entries.
