With the dollar-yen hovering in the 151 yen range, attention turns to the US FOMC; check UK inflation indicators beforehand.
In the absence of Tokyo market activity on the vernal equinox, the dollar-yen is trading in the 151 yen range, the highest since November last year. The Bank of Japan’s announcement of easing interest rates has contributed to the depreciation of the yen, along with speculation about a delayed start to rate cuts at the […]
Bank of Japan (BOJ) policy decision meeting results were announced as expected
Today, the Bank of Japan (BOJ) policy decision meeting results were announced. As expected, they lifted the negative interest rate and set the short-term interest rate target at 0.0-0.1%. They abolished the Yield Curve Control (YCC) and maintained their easing stance by continuing purchases of long-term government bonds. Additionally, they halted new purchases of Exchange-Traded […]
Bank of Japan Meeting: Negative Interest Rate Unwind Priced In, Focus Shifts to FOMC
The market seems to have priced in the potential unwinding of negative interest rates ahead of tomorrow’s Bank of Japan (BoJ) monetary policy decision announcement. Over the past two weeks, remarks from BoJ officials and leaked reports have gradually permeated the market, leading to this anticipation. Tomorrow’s meeting is expected to discuss topics such as […]
Negative Interest Rate Removal! What Does the Bank of Japan’s Move, the First in 17 Years, Mean.Summary of Trades from March 11th to March 15th: The total profit was +196,779 USD.?
Summary of Trades from March 11th to March 15th: The total profit was +196,779 USD. I pursued buying opportunities in cryptocurrencies, but was caught in significant downward corrections at various points, leading to stop losses. Despite observing substantial upward movements, I couldn’t capitalize on them effectively. Given the considerable volatility, I plan to refrain from […]
Ahead of a series of events next week, there seems to be some momentum in both the yen and dollar markets.
This week, the yen market has been nervously fluctuating amid expectations for the Bank of Japan’s decision meeting next week. After falling to the mid-146 yen level earlier in the week, it has risen to the late-148 yen level, albeit with fluctuations. The focus is on whether the negative interest rate will be lifted at […]
Market sentiment seems somewhat subdued as traders await confirmation from events next week, leading to a gradual loss of momentum.
EUR/USD has remained in a narrow range around 1.0925, with trading activity picking up temporarily following the release of inflation statistics from the EU and the US. However, by the end of the day’s trading session, there was little movement again. German data met expectations, while US core CPI exceeded forecasts. However, more sustained inflation […]
13th in March 2024, Options for Today
EUR/USD: 1.0875: 2.6 billion 1.0900: 989 million 1.0940: 1.5 billion 1.0960: 1.1 billion 1.0980: 610 million USD/JPY: 147.35: 1.6 billion 147.75: 899 million 148.50: 842 million 149.50: 1.1 billion AUD/USD: 0.6600: 584 million 0.6640: 1.3 billion 0.6680: 1 billion USD/CAD: 1.3500: 562 million 1.3525: 578 million 1.3555: 900 million 1.3600: 1 billion NZD/USD: 0.6085: […]
Directional clarity remains elusive in the forex market post-US CPI release, with fluctuations leading to indecision.
Directional clarity remains elusive in the forex market post-US CPI release, with fluctuations leading to indecision. While there was initially a dollar buying reaction, subsequent intense swings saw a return to dollar weakness. Short-term financial markets have already priced in a potential US rate cut starting in June, and this sentiment has remained unchanged even […]
Yen Eases Off, Focus Shifts to Dollar Market as US Consumer Price Index Released Today
In the Tokyo market, the yen’s strength has eased off. While market speculation regarding the Bank of Japan’s March negative interest rate removal has increased, there have been no direct references from BOJ Governor Ueda today. Rather, remarks expressing concerns about weak consumption have led to movements in favor of yen depreciation. Attention in the […]
Outlook for the Overseas Markets: Lack of Catalysts, Will the Decline in USD/JPY Stabilize?
The overseas markets at the beginning of the week lack notable catalysts. There are no major economic indicators scheduled for release in major countries, with only some announcements such as Turkey’s employment statistics for January and Norway’s Consumer Price Index (CPI) for February expected in the early London session. Tomorrow, the focus will be on […]