[USD/JPY] Global Economic Slowdown Concerns
The yen rose across the board due to the expectation of an early interest rate hike by the Bank of Japan, as well as risk-off yen buying caused by the …
[EUR/USD] Speed Adjustment
The euro rose to 1.0871 in the Tokyo market but could not reach last week’s high of 1.0888 and dropped to 1.0805. Later, buyers entered at the low price, and …
[XAU/USD] Resistance at 2930
After reaching a new all-time high on February 20, profit-taking caused the price to drop to 2833. Last week, the price started rising again, but for four days, it struggled …
[USD/JPY] Downward Trend Continues
The Japanese yen is getting stronger because the Bank of Japan may raise interest rates sooner than expected. This is due to a recent statement by the Bank of Japan’s …
[CAD/JPY] Tariffs, Bank of Canada (BOC) Meeting, and Election
On March 4, former U.S. President Trump announced tariffs on Canada, causing CAD/JPY to fall to 102.20. Later, reports that auto tariffs might be delayed for a month helped it …
[XAU/USD] U.S-Mexico-Canada Agreement (USMCA) Tariff Delay Brings Risk-On Sentiment
Yesterday, gold prices fell in the Tokyo market. However, during the European Central Bank (ECB) meeting, the euro strengthened, causing the U.S. dollar to weaken. As a result, gold prices …
[USD/JPY] Job Report Unlikely to Affect Federal Reserve Policy
Yesterday, the Japanese yen strengthened because the Bank of Japan’s deputy governor showed support for raising interest rates, and wage increase demands in Japan reached the highest level in 32 …
[EUR/USD] Doji Candle Appears
Yesterday, the European Central Bank (ECB) lowered its interest rate by 0.25% to 2.65%, as expected. The ECB’s statement suggested that inflation is slowing down and financial policies are becoming …
[XAU/USD] Gold Remains Strong Amid Uncertainty
Gold prices went up after the U.S. ADP employment report for February was weaker than expected. However, when the ISM Non-Manufacturing Index came out stronger than expected, the U.S. dollar …
[USD/JPY] Trump Market
Just before the Tokyo market opened yesterday, the U.S. Secretary of Commerce said that President Trump might reduce tariffs on Canada and Mexico. Because of this, the U.S. dollar rose …