Hello dear friends, are you wondering about the market today?
Today, USDJPY continues to maintain its strong upward momentum, receiving consistent support from market developments. On the 4-hour chart, UJ is currently at 148.88, accompanied by technical indicators such as the 34 and 89 EMA lines, signaling a continuing uptrend. Any potential price declines may only be short-term, as UJ is still within a strong upward trendline.
And what do you think about the market today?
Today, USDJPY continues to maintain its strong upward momentum, receiving consistent support from market developments. On the 4-hour chart, UJ is currently at 148.88, accompanied by technical indicators such as the 34 and 89 EMA lines, signaling a continuing uptrend. Any potential price declines may only be short-term, as UJ is still within a strong upward trendline.
And what do you think about the market today?
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good luck everyone <3
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BOJ Governor Kazuo Ueda conducted the press conference of the post-September policy meeting on Friday
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Japan’s National Consumer Price Index (YoY) report for August printed a reading of 3.2% compared to the previous rate of 3.3%. While National CPI ex-Fresh Food (YoY) remained consistent at 3.1% against the expected 3.0%.
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BoJ Ueda supports for extending the expansionary monetary policy as 2% inflation is not in sight. Kazuo Ueda cited that a moderate rise in inflation backed by wage growth would be a real victory for the central bank.
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USDJPY is rising
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The authorities in China have also upped their rhetoric opposing CNY weakness as well. Actions to curtail upside moves in USD/CNY would certainly help Tokyo in its battle to limit JPY weakness.
