Market Direction Remains Uncertain This Week with BOJ, ECB, and US GDP Events; Today’s Focus is on US PCE Deflator
This week has been filled with important events such as the BOJ meeting, ECB meeting, and the latest US GDP report, but both the USD and JPY markets have failed to establish a clear direction. The USD index has been fluctuating between its 200-day and 10-day moving averages, showing volatile movements but lacking a strong […]
short position on EUR/JPY at 159.86 (This is Only half of our entries and 5mins late)
This post is Half of all our entry and 5 mins late. If you want the full signal (entry and close info with Real time), please check Forex Top Team VIP signal ↓ VIP SIGNAL Entered a short position on EUR/JPY at 159.86 with a stop at 160.55. Taking a short position on […]
Today, the focus is on the ECB Governing Council meeting and the US GDP preliminary report.
Recently, the dollar market has been nervously fluctuating without a clear direction. It remains to be seen whether these two events will trigger a trend in the market. Regarding the ECB Governing Council, the consensus in the market is for the main policy interest rates to remain unchanged. The ECB has maintained an “data-dependent” approach […]
After the BOJ Decision, Some Yen Strength Persists; Tomorrow, US GDP Preliminary Estimate and ECB Meeting
After yesterday’s BOJ policy meeting, there was a moment when the yen’s strength eased in the overseas market. However, it couldn’t return to the pre-BOJ announcement levels of yen weakness. Today, Japanese government bond yields are rising again, and yen strength is once again exerting pressure. The Nikkei average is being pushed lower by selling […]
Focus on the Dollar/Yen Reaction to the BOJ Governor’s Press Conference
Focus on the Dollar/Yen Reaction to the BOJ Governor’s Press Conference In today’s New York foreign exchange market, the initial focus will be on how US participants assess BOJ Governor Ueda’s press conference. After the reaction to domestic news has settled, trading will continue with a normal focus on US interest rate movements. Economic data […]
At the beginning of the week, there is a lack of significant catalysts, and there is strong anticipation of the Bank of Japan (BoJ) keeping its policies unchanged in tomorrow’s meeting.
Monday starts with a lack of significant catalysts, and there is strong anticipation of a Bank of Japan (BoJ) meeting tomorrow that will likely result in a policy hold. Today being Friday, it’s a time when weekend adjustments can easily occur. However, in the Tokyo market, the USD/JPY pair briefly reached 148.80, marking the highest […]
Nervous Yen Weakens Alongside Interest Rate Differentials with the US and Others, with Some Corrections
This year has started with a weakening yen trend. In addition to this, there is also pressure for a stronger US dollar. In the latter half of last year, there was a shift from expectations of central bank rate hikes to anticipations of early rate cuts this year. However, it is important to note that […]
Dollar Yen Continues to Rise with a Daily Range of 1 Yen, Alongside Yen Weakness
Dollar/Yen has risen to the high 147-yen range in today’s Tokyo market. It continues to update its highest levels since the beginning of this year and is now at levels not seen since December 1st of last year, indicating a stronger dollar and weaker yen. Alongside the yen weakness, the strength of the dollar is […]
Alongside the yen weakening, there has been a prevailing trend of dollar strength this week
Alongside the yen weakening, there has been a prevailing trend of dollar strength this week. The main driver behind yen weakness appears to be the receding expectations for the Bank of Japan to remove negative interest rates. Speculation related to the new NISA (Nippon Individual Savings Account) program is also contributing to this trend. However, […]
While the new year market in January has seen two weeks pass, what is visible is a trend of yen depreciation.
While the new year market in January has seen two weeks pass, what is visible is a trend of yen depreciation. On the other hand, the direction of the dollar exchange rate remains unclear even after the release of key indicators such as US employment statistics, US consumer price index, and producer price index. The […]