Will Dollar Buying Prevail Heading into the Weekend? No Decisive Factors Today
This week has seen a trend of dollar strengthening. The FOMC’s forecast of one rate cut this year and the BOJ’s postponement of bond purchase reduction have boosted USD/JPY. Additionally, political uncertainty in France has pressured the euro. The Swiss National Bank’s unexpected rate cut increased selling pressure on the Swiss franc. The Bank of […]
UK Inflation Slows, Low Rate Cut Expectations for Tomorrow, U.S. Markets Closed Today
Today lacks significant events apart from the UK inflation data. The UK Consumer Price Index (CPI) confirmed a slowdown to a 2.0% annual increase, as expected. Service inflation slowed to 5.7% from 5.9% but remains high. Expectations for a rate cut by the Bank of England (BoE) at tomorrow’s Monetary Policy Committee (MPC) meeting remain […]
JPY Exchange Rate Nervous Movements, Watching U.S. and European Stock Markets; U.S. Retail Sales Today
The yen has shown nervous movements recently. Last Friday, the Bank of Japan’s (BOJ) decision meeting hinted at reducing government bond purchases in July. The market expected a reduction at the June meeting, leading to yen selling. BOJ Governor Ueda’s remarks have added uncertainty, suggesting a potential rate hike in July depending on conditions. However, […]
Buy BTC/USD at 65,590.35 (This is Only half of our entries and 5mins late)
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Quiet Start to the Week, Will Overseas Markets Revisit Last Week’s Topics?
The market is off to a relatively quiet start this week. The forex market, in particular, is in a stalemate. The USD/JPY is trading in the mid-157 yen range, EUR/USD is around 1.07, and EUR/JPY is in the mid-168 yen range. This morning in Tokyo, a series of Chinese economic statistics were released: new home […]
-99,620 USD. After the BOJ Monetary Policy Meeting, the Japanese Yen Fluctuates Wildly! What Are the Future Prospects and Strategies?
The trades from June 10th to June 14th resulted in a total loss of -99,620 USD. It was a challenging week, as significant fluctuations in the USD led to substantial losses. The decrease in the US PPI prompted me to take a large USD short position with buys in gold and AUD/USD, but the market […]
BOJ Decides on Reduction “Policy,” Yen Sells Off; Monitoring Market Reaction to Governor Ueda’s Press Conference and Intervention Concerns
In the highly anticipated BOJ policy meeting, the decision was made to establish a “policy” for reducing bond purchases in the upcoming July meeting. This means that the specific details of the reduction were not announced this time. The BOJ plans to determine the reduction amount through discussions with bond market participants to avoid shocking […]
Yesterday’s US Events Create Mixed Signals; Focus on US PPI and Jobless Claims Today
Yesterday saw the dollar fluctuate wildly. The dollar plunged after the US Consumer Price Index slowed down. However, the dollar rebounded when the US FOMC raised its inflation outlook and adjusted members’ median interest rate forecasts from three cuts this year to one. Despite these events, the dollar has not fully returned to pre-announcement levels […]
USD/JPY (US Dollar/Japanese Yen) – Buy Key Currency Analysis and Technical Insights (15-minute Chart) for June 13, 2024
EUR/USD (Euro/US Dollar) – Sell The EUR/USD pair is showing ambiguous trading dynamics, holding around 1.0800. The previous day saw a slight increase as the market reacted to the Federal Reserve’s (FRB) meeting results and inflation data. The FRB kept interest rates at 5.50% as expected but raised the forecast for borrowing costs through the […]
Today’s Focus: US CPI and FOMC Announcements – Will USD Strength Continue?
Today, the US Consumer Price Index (CPI) and the Federal Open Market Committee (FOMC) monetary policy decisions will be released. This week has seen a trend of USD strength, and these events will be crucial in determining whether this trend continues. The forecast for the May US CPI is an annual increase of 3.4% (unchanged […]