USD/JPY Strong Buy – Featured Currency and Technical Analysis (15-Minute Chart) July 2, 2024
**EUR/USD Strong Sell** EUR/USD is attempting a breakdown at 1.0730. Market participants are awaiting new drivers for movement. Today at 11:00 (GMT+2), the Eurozone’s June inflation statistics will be released, with the core Consumer Price Index (CPI) expected to adjust from 2.9% to 2.8% and the broad CPI from 2.6% to 2.5%. German inflation […]
Yen Depreciates as France’s First Election Round Concludes
At the start of the week, the yen continues to depreciate, driven by buying of European currencies like the euro. EUR/JPY has risen to the 173 yen range, and GBP/JPY has climbed to 204 yen. The first round of France’s National Assembly elections saw the far-right party become the largest, followed by left-wing and ruling […]
Following the US PCE Deflator, the French Election this Weekend: Plenty to Watch Next Week
This week, the USD/JPY exchange rate has risen from around 159 yen to the 161 yen level. Although the price range itself is only slightly over 2 yen, clearing the psychological level of 160 yen, which was the previous intervention point, has impacted the market. Cross-yen pairs have also shown an upward trend, with EUR/JPY […]
Awaiting Tomorrow’s PCE Deflator Announcement: Dollar Strength Might See Some Adjustment
Market Summary In yesterday’s overseas market, the USD/JPY exchange rate surpassed the psychological level of 160 yen, reaching a high of approximately 160.87 towards the end of New York trading. Despite Japan’s Vice Finance Minister Kanda’s statement around 10 PM JST about being ready to intervene anytime, the market’s response was muted, seemingly unimpressed by […]
AUD Strong as Rate Cuts Seem Distant Alongside USD
The Australian dollar (AUD) is showing strong performance today, bolstered by higher-than-expected May consumer price index (CPI) data. Market sentiment includes expectations of a rate hike, leading to noticeable buying of AUD against major currencies. Similarly, yesterday’s unexpectedly strong Canadian CPI results strengthened the Canadian dollar (CAD). Both AUD and CAD are showing resilience comparable […]
USD/JPY Exhibits Nervous Trading Behavior; Focus on U.S. Consumer Confidence Index in Overseas Markets
The USD/JPY pair is nearing 160 yen, with intervention concerns keeping traders cautious. Yesterday, the pair dropped sharply from 159.60 to around 158.80 before quickly rebounding to 159.50. In New York, the pair remained stable but did not attempt to break 160. Today’s market will watch if the USD/JPY can climb above 160 and how […]
Opening the Week with Eyes on German Ifo Index and Central Bankers’ Remarks: USD/JPY Steady Near 160 Yen
On the Tokyo market’s opening, USD/JPY is steady near 160 yen, ranging between 159.62-159.92. The market’s reaction to the BOJ’s policy meeting was limited. The 160 yen level remains a psychological threshold, with Japanese officials making typical yen depreciation warnings. In the overseas market, watch for any changes if USD/JPY exceeds 160 yen. Recent yen […]
Entry: Sell EUR/USD at 1.0676 (This is Only half of our entries and 5mins late)
Position Details: Entry: Sell EUR/USD at 1.0676 Stop Loss: 1.0713 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
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 […]