No major U.S. economic data released over the weekend, possibly driven by risk warnings
This weekend, the market is dominated by risk aversion movements. The default concerns arising from the bond payment halt of China’s real estate giant, Country Garden, have cast a shadow. Adding to this, China’s Evergrande, which experienced a crisis two years ago, has applied for Chapter 15 bankruptcy protection in New York. While the Chinese […]
Today, attention is focused on the Chinese yuan
Today, attention is focused on the Chinese yuan, so I am monitoring USDJPY for potential selling opportunities while keeping an eye on its price. I anticipate that if the Chinese yuan appreciates, it could potentially lead to a stronger yen as well, due to their correlation.
China Strengthens Exchange Rate Intervention to Prevent Rapid Depreciation
Chinese authorities have reportedly instructed state-owned banks to enhance intervention in the foreign exchange market this week, aiming to prevent rapid fluctuations in the value of the Chinese yuan (CNY). According to sources familiar with the matter, the move is intended to curb significant depreciation of the yuan. Authorities are also said to be […]
USD/JPY Continues to Rise, Reacts to Strong US Economic Data
USD/JPY has temporarily risen to the upper 146 yen range. It continues to make significant gains, surpassing major levels day by day. However, the movement hasn’t been characterized by sharp surges, as the timing of potential government or Bank of Japan interventions remains uncertain. The widening interest rate differential between the US and Japan is […]
USDJPY Stalls in the 145 Yen Range, Despite Negative Factors Such as China’s Economy, Supported by BOJ’s Easing Stance
The Dollar-Yen exchange rate is gradually testing higher levels. After touching the 145 yen level, the momentum has subsided due to intervention concerns, leading to a cautious and nervous atmosphere. One reason for the overlapping trading is the succession of negative news surrounding China’s economy. A series of economic statistics have been weaker than expected, […]
USDJPY Stabilizing in the 145 Yen Range, Retail Sales Data Today
The Dollar-Yen pair has been gradually climbing day by day. Particularly during the transition between the London and New York markets, as well as during Tokyo’s mid-morning fixing time, there seems to be a tendency for yen selling. After briefly reaching the 145 yen level yesterday, today the pair is testing the mid to lower […]
Will the Dominance of Dollar Buying Continue? Today Focuses on Equities and Bonds with No Prominent Events
Last week, the dollar market exhibited a turbulent state, gradually shifting towards a buying trend. This momentum has carried over into the beginning of this week’s trading. USD/JPY temporarily reached around 145.22, marking recent highs. EUR/USD hovered in the mid-1.09 range, while GBP/USD remained weighed down in the mid-1.26 range. Amidst the crisis surrounding China’s […]
Amidst the strengthening trend of yen depreciation, the USD exchange rates are in a state of confusion. Today, the US Producer Price Index (PPI) will be released.
This week has witnessed a prevailing trend of yen depreciation. Various risk factors have emerged, including weak Chinese trade statistics, debt issues with major Chinese real estate companies, Italy’s banking taxation, and geopolitical tensions causing a rise in oil prices. In this context, the USD/JPY exchange rate has been steadily climbing, and cross-yen pairs are […]
Consumer Price Index (CPI) Annual: 3.2% (Previous: 3.3%, Expected: 3.2%)
Consumer Price Index (CPI) Monthly: +0.2% (Previous: +0.2%, Expected: +0.2%) Consumer Price Index (CPI) Annual: 3.2% (Previous: 3.3%, Expected: 3.2%) Despite the drop in inflation, logically it should lead to USD selling, but currently, the market is experiencing volatility. However, the overall trend is still anticipated to lead towards USD selling in the end.
Today’s release of the US consumer price index, will it lead to a new trend in the dollar exchange rate?
Today, the release of the July US Consumer Price Index (CPI) is anticipated. While the USD/JPY has been notably rising in recent market trends, the prevailing factor seems to be the weaker yen due to ongoing speculation about the Bank of Japan’s continued easing measures. For other major currency pairs such as EUR/USD and GBP/USD, […]