Yen Falls Amid BoJ Rate Hike Uncertaintyfxcue.com

(fxcue news) - The Japanese yen weakened against other major currencies in the Asian session on Wednesday, due to uncertainties over the timing of the Bank of Japan's (BoJ) next interest rate hike. Earlier this week, Bank of Japan Governor Kazuo Ueda issued a warning against keeping borrowing prices too low and hinted at a potential interest rate hike in December, but he was evasive about the timeframe. Data from the Ministry of Finance showed that Japan posted a merchandise trade deficit of 461,2 billion yen in October. That missed forecasts for a shortfall of 360.4 billion yen following the upwardly revised 294.1-billion-yen deficit in September. Exports were up 3.1 percent on year at 9.426 trillion-yen, exceeding expectations for an increase of 2.2 percent following the 1.7 percent decline in the previous month. Imports rose an annual 0.4 percent to 9.887 trillion yen versus forecasts for a decline of 0.3 percent following the 1.8 percent increase a month earlier. In the Asian trading today, the yen fell to 5-day low of 164.72 against the euro and 197.68 against the pound, from recent highs of 163.97 and 196.24, respectively. If the yen extends its downtrend, it is likely to find support around 167.00 against the euro and 200.00 against the pound. Against the U.S. dollar and the Swiss franc, the yen slipped to 5-day lows of 155.53 and 175.94 from recent highs of 154.59 and 175.27, respectively. The yen may test support around 157.00 against the greenback and 177.00 against the yen. Looking ahead, U.S. mortgage approvals data and U.S. EIA crude oil data are due to be released in the New York session.

Yen Falls Amid BoJ Rate Hike Uncertainty

Why do experts say 'the central bank should not be prevented from cutting interest rates' when UK inflation rises?

Is the Bank of Japan preparing for another interest rate hike? Pay attention to the five major issues

Pound Rises Against Majors

Singapore Stock Market Tipped To Open In The Green

Pound Rises As U.K. Inflation Accelerates More Than Forecast

TSX Ends Marginally Higher As Stocks Pare Early Losses

Yen Falls Amid BoJ Rate Hike Uncertainty

EUR/USD showdown at the end of the year: UBS bullish vs. JPMorgan bearish, who will laugh the last?

Please sign in

Trader

Today, the profit from gold trading has been obtained, and we will continue to buy at a low level.

Gold operation strategy: sell in the 2663-2669 area, add position and sell in the 2675 area, manual stop loss, target 2614-2600-2584;

Profit and loss taking in gold trading

The gold trading recommendation is to sell at 2658/2660, take a look at 26482640, and buy with 2640 support below.

In the morning session of the Asian market, both EURUSD and GBPUSD traded with stop loss, while XAUUSD made a profit

Today's gold trading advice: Sell near 2641-43, stop loss 2650, target 2623-12. Buy near 2614-16, stop loss 2606, target 2624-35.

Before the gold price touched above 2660, it was bought based on a pullback around 2625. If gold doesn't go back and goes up directly, then wait until 2660-2680 to sell.

Today's crude oil operation adopts a high sell low buy strategy, with a focus on resistance at $70.2-71.2 above and support at $68.4-67.5 below.

Gold morning trading strategy: Buy directly near 2639, target 2652-2662; If it is sold around 2652 and 2662 for the first time; If given around 2630 and 2622, you can buy in batches;

Spot gold will be sold in batches from 2640-2650-2660 today

Tags

Yen Falls Amid BoJ Rate Hike Uncertainty

Why do experts say 'the central bank should not be prevented from cutting interest rates' when UK inflation rises?

Is the Bank of Japan preparing for another interest rate hike? Pay attention to the five major issues

Pound Rises Against Majors

Singapore Stock Market Tipped To Open In The Green

Pound Rises As U.K. Inflation Accelerates More Than Forecast

TSX Ends Marginally Higher As Stocks Pare Early Losses

Yen Falls Amid BoJ Rate Hike Uncertainty

EUR/USD showdown at the end of the year: UBS bullish vs. JPMorgan bearish, who will laugh the last?

Please sign in

Trader

Today, the profit from gold trading has been obtained, and we will continue to buy at a low level.

Gold operation strategy: sell in the 2663-2669 area, add position and sell in the 2675 area, manual stop loss, target 2614-2600-2584;

Profit and loss taking in gold trading

The gold trading recommendation is to sell at 2658/2660, take a look at 26482640, and buy with 2640 support below.

In the morning session of the Asian market, both EURUSD and GBPUSD traded with stop loss, while XAUUSD made a profit

Today's gold trading advice: Sell near 2641-43, stop loss 2650, target 2623-12. Buy near 2614-16, stop loss 2606, target 2624-35.

Before the gold price touched above 2660, it was bought based on a pullback around 2625. If gold doesn't go back and goes up directly, then wait until 2660-2680 to sell.

Today's crude oil operation adopts a high sell low buy strategy, with a focus on resistance at $70.2-71.2 above and support at $68.4-67.5 below.

Gold morning trading strategy: Buy directly near 2639, target 2652-2662; If it is sold around 2652 and 2662 for the first time; If given around 2630 and 2622, you can buy in batches;

Spot gold will be sold in batches from 2640-2650-2660 today

Tags

关注我们的公众号