[AUD/JPY] RBA May Cut Rates Again and Yen Weakness May End
At the policy meeting held during Tokyo hours, the Reserve Bank of Australia (RBA) decided to lower interest rates by 0.25% as expected.In the official statement, the RBA said inflation …
[XAU/USD] Moody’s Shock
Moody’s lowered the credit rating of the United States from AAA to AA1. Because of this, people started selling US dollars at the beginning of the week. Gold prices also …
[USD/JPY] U.S. Rating Cut and Japan-U.S. Talks
Moody’s lowered the credit rating of the United States, and this caused people to sell the U.S. dollar from the start of the week. The Nikkei stock index in Japan …
[EUR/USD] Euro as an Alternative to the Dollar
After Moody’s lowered the U.S. credit rating at the end of last week, the euro rose to near 1.12 at the start of the Tokyo market. In the European market, …
[XAU/USD] Double Top Neckline
Last week, progress in trade talks between the U.S. and China gave the market a sense of relief, which led to stronger “risk-on” mood and selling of gold. If trade …
[USD/JPY] Correction of Weak Yen and U.S. Credit Rating Downgrade
Because of the U.S. credit rating downgrade last weekend, the dollar may be sold at the start of this week.If people expect Japan-U.S. trade talks to lead to a stronger …
[AUD/JPY] Reserve Bank of Australia (RBA) Meeting and Japan-U.S. Trade Talks
Last week, progress in U.S.-China talks made investors feel safe, so the Australian dollar rose close to 95 yen.Then, U.S. inflation was lower than expected and U.S. stocks went up, …
[XAU/USD] Price Rebound Is Weak
Gold continued to fall during the Tokyo market, following the strong drop from the day before. However, in the European market, the price started to rise again. This happened because …
[USD/JPY] Yen Buying Continues
The Japanese yen continued to rise yesterday. This happened because there was news that U.S. and South Korean officials talked about currency issues. People now think that Japan and the …
[EUR/USD] Cross-Yen Selling Pushes Euro Down
For two days in a row, the daily candlestick chart showed a long upper shadow, but the euro did not rise. Even though U.S. long-term interest rates went down, selling …