Keeping an Eye on Tomorrow’s BOJ Meeting, a Slightly Cautious Mood
In the Tokyo market, USD/JPY has been trading in the mid-142 yen range. The trading range has been reasonably steady, ranging from 142.06 yen to 142.46 yen, with some back and forth movements between the 00 yen and 40 yen levels. However, there hasn’t been a clear direction. Traders are awaiting tomorrow’s Bank of Japan […]
Central Banks in the U.S., UK, and Eurozone Contribute to Weaker Dollar and Stronger Yen
This week marked the final monetary policy meetings of the year for major central banks, including the Federal Reserve (FOMC), the Bank of England (MPC), and the European Central Bank (ECB). Federal Reserve Chairman Jerome Powell’s surprising comments about initiating rate cuts and FOMC members’ interest rate projections indicating a 75 basis point cut for […]
Today marks the final FOMC meeting of the year in the United States, and there is considerable anticipation surrounding the announcement of its results, along with Federal Reserve Chairman Powell’s press conference.
Today marks the final FOMC meeting of the year in the United States, and there is considerable anticipation surrounding the announcement of its results, along with Federal Reserve Chairman Powell’s press conference. Regarding interest rates, it is widely expected that there will be no change this time, with the market’s consensus aligned with that expectation. […]
Buy entry for USDCAD at 1.3590.(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 Buy entry for USDCAD at 1.3590. Stop is 1.3543
Today, Ahead of the Last FOMC Meeting of the Year and the Release of the U.S. Consumer Price Index
The focus in today’s market is primarily on the U.S. Consumer Price Index (CPI) release. Market expectations are for a slight deceleration in year-on-year inflation, with a consensus of +3.1% compared to the previous +3.2%. The core year-on-year inflation is expected to remain at +4.0%, showing a continued trend of moderate inflation. While there […]
“Negative Interest Rate Removal, No Urgency for the Bank of Japan This Month”
The Bank of Japan (BoJ) believes that there is little urgency to remove negative interest rates or yield curve control (YCC) this month due to the lack of sufficient evidence for achieving a virtuous cycle of wages and prices, according to multiple sources familiar with the matter. This suggests that the BoJ is likely […]
Looking ahead to tomorrow’s US Consumer Price Index (CPI) release, the forex market is currently in a standoff as there have been no major economic data releases or scheduled central bank speeches at the start of this week.
The US Dollar Index experienced significant volatility last week but is still maintaining its elevated levels from December. Factors such as the stabilization of the USD/JPY exchange rate after a sharp drop and a somewhat positive US jobs report have contributed to USD buying. However, there seems to be a lack of momentum for a […]
“Rough Moves Possible as Weekend Approaches and Corrections Continue
Yesterday, the USD/JPY briefly dropped to the 141.70 yen range triggered by remarks from BOJ Governor Ueda, showing signs of an oversold sentiment, but it later rebounded to the 144 yen range in the Tokyo market. The market has been characterized by significant price swings and instability. Japanese 10-year government bond yields, which had risen […]
The risk of a downside move in USD/JPY is being closely watched. The pair has been trading around the mid-147 yen level in Tokyo, with a slightly heavy tone, and briefly touched the 146.10 yen range.
The risk of a downside move in USD/JPY is being closely watched. The pair has been trading around the mid-147 yen level in Tokyo, with a slightly heavy tone, and briefly touched the 146.10 yen range. Amidst a decline in Asian stocks, with the Nikkei 225 closing down by 587 points and the Hang Seng […]
6th in December 2023, Today’s Options:
EUR/USD: 1.0700: 1.6 billion 1.0775: 614 million 1.0800: 3.2 billion 1.0850: 610 million 1.0900: 1 billion 1.0950: 638 million GBP/USD: 1.2500: 568 million 1.2570: 496 million USD/JPY: 146.65: 525 million 147.20: 719 million 148.00: 634 million AUD/USD: 0.6400: 1.3 billion 0.6450: 1.8 billion 0.6550: 417 million 0.6770: 591 million USD/CAD: 1.3600: 987 million 1.3640: […]