[USD/JPY] Bank of Japan Meeting and U.S. Employment Data Tomorrow
In today’s Bank of Japan (BOJ) meeting, it is expected that the policy interest rate will remain unchanged. However, with the recent yen weakening, there is a chance that the …
[EUR/USD] Stronger-than-Expected Eurozone GDP
Yesterday, GDP for key European countries such as Germany and France for the July-September period exceeded expectations, leading to increased buying of the euro. This pushed EUR/USD up to the …
[AUD/JPY] Bank of Japan Meeting and Australia’s CPI
Australia’s Consumer Price Index (CPI) for July-September was announced yesterday at 2.8%, lower than the forecast of 2.9% and a significant drop from last month’s 3.8%. Although the Reserve Bank …
[USD/JPY] Focus on ADP Employment Report
Yesterday in the Tokyo market, the USD/JPY started with a drop to 152.77 yen. However, as U.S. long-term interest rates rose, the dollar moved up over 1 yen to 153.86. …
[EUR/USD] Germany’s GDP and CPI
The Euro rose to 1.0826 as U.S. long-term interest rates fell from the Tokyo session to the European session. However, as U.S. interest rates went back up, the Euro dropped …
[AUD/JPY] Focus on Australian CPI
In October, the Australian dollar/Japanese yen (AUD/JPY) has been trading around 100 yen, where the 200-day moving average is positioned, with prices moving up and down without a clear direction. …
[USD/JPY] Uncertainty in Japanese Politics and Strong U.S. Economy
The results of last weekend’s lower house election showed that both the Liberal Democratic Party and Komeito failed to maintain a majority, leading to yen weakness across the board in …
[EUR/USD] ECB Rate Cut Expectations Decline
In the Tokyo market, the euro faced resistance and moved downward, dropping to 1.0783. However, it reversed in the European market. Statements from Unsch, the head of Belgium’s central bank, …
[CAD/JPY] Decline in Crude Oil Prices
With Japan’s lower house election leading to the ruling party losing its majority, the yen saw selling pressure, pushing CAD/JPY (Canadian Dollar/Yen) up to 110.72. However, this was followed by …
[USD/JPY] BOJ Meeting and Intervention Concerns
Last week, there was news that Japan’s Finance Minister Kato and the U.S. Treasury Secretary discussed the exchange rate, which briefly led to selling of USD/JPY. However, this was eventually …