[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 …
[EUR/USD] Eurozone CPI and Next Week’s FOMC Meeting
Compared to the strong U.S. economy, the weaker European economy and rapid interest rate cuts have caused the euro to fall. It dropped from around $1.12 (where it hit a …
[AUD/JPY] Room for Decline
The Reserve Bank of Australia (RBA) is the only major central bank (outside of Japan) that hasn’t lowered interest rates recently. If the RBA does start to lower rates, the …
[NZD/JPY] Slight Uptrend with NZ Dollar Weakness and Yen Fluctuations
Today’s outlook for the NZD/JPY exchange rate reflects mixed signals. Currently, the NZD/JPY pair is trading around 91.16-91.33, showing slight upward momentum, but analysts suggest it may experience volatility in …
[AUD/JPY] Short-Term Decline with Potential Gains in November 2024
Today’s outlook for the AUD/JPY pair shows a generally bullish trend. The exchange rate is expected to hover around ¥101.36, with forecasts indicating a slight decline to ¥101.26 in the …
[EUR/USD] Bearish Sentiment Persists Amid Dollar Strength
The EUR/USD exchange rate forecast for today, October 23, 2024, is generally bearish. Currently, the market sentiment suggests a weakening euro against the dollar, with the pair hovering around $1.07959. …
[USD/JPY] Breaks Above the Cloud’s Upper Limit
In the Tokyo market, the Yen started stronger, and the USD/JPY dropped to 149.09. However, later, U.S. long-term interest rates rose, pushing USD/JPY above 150 yen in the European market. …
[EUR/USD] U.S. Long-Term Interest Rates Rise and Euro Weakens
At the beginning of the week, the Euro started quietly around 1.0860 from the Tokyo market to the European market. However, when the market opened in New York, the Euro …
[AUD/JPY] Range Market Continues
In October, the Australian Dollar (AUD) to Japanese Yen (JPY) exchange rate has been moving within a range around 100 yen. The mid-99 yen level represents a 50% Fibonacci retracement, …
[USD/JPY] Caution on Yen Weakness Amid Strong U.S. Economy
Last week, strong U.S. retail sales and employment data led to more buying of the U.S. dollar, causing the USD/JPY exchange rate to rise above the important 150 yen level. …