EUR/USD 1.16141
-0.097%
Gold 4434.77
-0.854%
Oil 89.430
-0.234%
USD/JPY 156.234
0.280%
GBP/USD 1.35183
-0.046%
GBP/JPY 211.206
0.242%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The U.S. National Hurricane Center: Hurricane Karina is expected to weaken rapidly early next week.Ukrainian President Zelensky: From the start of the call, we are prepared to abide by the agreement to cease airstrikes on the cities involved in the negotiations. From now until the end of Saturday, and on Sunday and Monday, Ukraine is prepared to cease airstrikes on Moscow, and we also hope that Russia will take the same measures against Kyiv.Ukrainian President Zelensky: I just spoke with the special envoy of the US President, and they have begun cooperating (talks) with the Russian side today.On September 5th, the European Border and Coast Guard Agency (EBR) announced on the 4th that it had deployed a patrol vessel to the English Channel for the first time to support French search and rescue operations against overloaded migrant boats at sea. More vessels will be deployed in the coming months. According to EBR, the patrol vessel, from the Spanish Civil Guard, began operations off the French coast this week, working in conjunction with reconnaissance aircraft deployed over the English Channel since 2021. The agency emphasized that its mission is limited to supporting French search and rescue operations and does not include intercepting migrants at sea. The patrol vessel will help France gain a more comprehensive understanding of maritime dynamics, detecting, identifying, and tracking small vessels, and transmitting precise information to French authorities in real time. EBR stated that more vessels from other EU member states will join the operation in the coming months.On September 5, U.S. Central Command issued a statement saying that on September 5, after the Iranian Islamic Revolutionary Guard Corps (IRGC) launched ballistic missiles at two U.S. Navy warships patrolling in regional waters, U.S. Central Command forces attacked three Iranian oil tankers. A U.S. aircraft carrier and a guided-missile destroyer successfully evaded multiple unprovoked attacks by Iran. There were no U.S. casualties. Following the failed Iranian attacks, U.S. Central Command permanently sank the IRGC oil tanker "Downy" near Harqa Island and the oil tanker "Stark 1" near Jask. The U.S. military also completely destroyed the unloaded oil tanker "Kailo" (also known as "Noxson") in the Gulf of Oman. After the crew was ordered to abandon ship, the U.S. military struck several key parts of the ship, rendering it unable to continue sailing. These three Iranian oil tankers belonged to a secret network worth billions of dollars that financed the IRGC and its regional proxies. Iran was unable to protect these tankers.

Despite Japan's holiday, the USD/JPY has recovered to 143.00 while the Fed and BOJ remain vigilant

Daniel Rogers

Sep 19, 2022 14:48

 截屏2022-09-19 上午9.45.18.png

 

In spite of Monday's limited USD/JPY action due to Japan's vacation, the USD/JPY has recovered from intraday lows and is moving closer to recovering 143.00. The gold market is widely predicted to react strongly to the monetary policy meeting between the US Federal Reserve (Fed) and the Bank of Japan (BoJ) this week (BOJ).

 

Wall Street's major indexes ended the day on a down note, but the S&P 500 Futures are showing slight gains.

 

US Vice President Joe Biden's recent upbeat comments could be to blame. The head of state has also assured the public that inflation will be reduced. Covid developments from China include the unlocking of the city of Dalian in the province of Liaoning, the continued absence of coronavirus cases in Beijing, and the discovery of one such case outside of the Shanghai quarantine zone, up from the absence of any the day before.

 

USD/JPY purchasers appear to be bullish ahead of the significant monetary policy declarations due to President Biden's commitment to help Taiwan in the event that China strikes Taiwan and hawkish expectations for the Fed. It should be noted, however, that speculation over the BOJ's intervention appears to have halted the recent bull market.

 

The University of Michigan's preliminary September consumer sentiment index of 59.5 was up from the preliminary reading of 58.5 in August but still below market estimates of 60.0. The market's expectations of a full one percentage point increase in the Fed rate rose to 18% in light of the improved US statistics, while the probability of a 75 basis point (bps) boost by the Fed increased to above 80%, or 82% at the time of publication.

 

This session of USD/JPY could be slow due to the Japanese holiday and the relatively empty economic calendar. The Fed versus BOJ clash will be key for pair traders to observe this week. The economic forecasts and pronouncements of the various central bank heads are crucial, in addition to the interest rate announcements, which are generally factored in. It's possible that the USD/JPY might drop if Fed Chair Powell disillusions US dollar bulls and the BOJ shows it's willing to defend the yen through intervention.


Suggestion