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Japans final services PMI for March was 53.4, compared to 52.8 in the previous month.Japans final composite PMI for March was 53, compared to 52.5 in the previous month.Israel has stated that it has identified a missile launch originating from Iran and that its air defense systems are operational to intercept the threat.The yield on 20-year Japanese government bonds rose 2.5 basis points to 3.290%.Futures News, April 3rd: 1. From April 3rd to 4th, affected by cold air and a surface cyclone, strong winds and temperature drops are expected in North China, central and southern Northeast China, and the Huanghuai region. Light to moderate rain or thunderstorms are expected in parts of northern North China, central and eastern Inner Mongolia, Liaoning, and Jilin, with heavy rain in central Liaoning and central Jilin. Locally, mixed convective weather including wind and hail is expected in eastern Hebei, Tianjin, northern Shandong, and western Liaoning. Heavy to blizzard conditions are expected in parts of central Heilongjiang and northern Jilin. 2. From 08:00 on April 3rd to 08:00 on April 4th, affected by a Mongolian cyclone, parts of central and eastern Inner Mongolia, central and northern Shaanxi, most of Shanxi, Hebei, Beijing, Tianjin, northern Henan, northern Shandong, and most of Liaoning will experience strong winds of level 5-7, with gusts of level 8-10. Affected by cold air and convection, some areas in western Liaoning, eastern Hebei, Tianjin, northern Shandong, southern Guangxi, and northern Guangdong will experience thunderstorms with winds of force 10-11. 3. Over the next three days, affected by an explosive cyclone, western and southern Canada, high-altitude areas of the northwestern United States, and north-central regions will experience heavy to blizzard conditions. Parts of southern Quebec and southern Ontario, Newfoundland Island, southern North Dakota, and northern Minnesota in the United States will experience heavy to extremely heavy snowfall. The cumulative snowfall in these areas will be 10-25 mm, with some areas receiving 30-50 mm. These areas will also experience winds of force 5-7, with gusts of force 8-9, and gusts exceeding force 10 on rivers and lakes. In addition, moderate to heavy rain is expected in the central and eastern United States and northeastern Mexico, with localized torrential rain; some areas will experience short-duration heavy rainfall, thunderstorms, and strong winds. Tornadoes are possible in Texas, Oklahoma, and Missouri in the United States. 4. Over the next three days, under the combined influence of an upper-level trough, a low-level warm and humid jet stream, and orographic uplift, central and eastern Afghanistan and Pakistan will still experience moderate to heavy rain, while eastern Afghanistan and western Pakistan will experience torrential rain, and high-altitude mountainous areas will experience heavy to blizzard-like snow or sleet.

USD/JPY Price Forecast for the Week Ahead: The US Dollar Continues to Climb

Alina Haynes

Oct 24, 2022 15:54

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The US Dollar strengthened against the Japanese yen throughout the week, surpassing the psychologically significant 150 mark. In doing so, the market is demonstrating its disregard for the Bank of Japan and its warnings, as the BOJ has previously attempted to intervene and we are almost 1000 pips above that level. In this situation, it would appear that the central bank has no choice but to allow the currency to devalue.

 

Purchasing "unlimited bonds" is equivalent to producing "unlimited currency," hence the supply of Japanese Yen will continue to be a significant drawback to the exchange rate. Consequently, this is a one-way exchange, but also one that you do not necessarily wish to alter. It would be reasonable to expect a retreat sooner or later, if for no other reason than sheer tiredness.

 

You should only trade with capital that you can afford to lose while trading derivatives. The trading of derivatives may not be suitable for all investors; thus, you should ensure that you fully comprehend the risks involved and, if necessary, seek independent counsel. Before entering into a transaction with us, a Product Disclosure Statement (PDS) can be received through this website or upon request from our offices and should be reviewed. Raw Spread accounts offer spreads as low as 0 pips and a commission rate of $3.50 per 100,000 USD traded. Spreads on standard accounts begin at 1 pip with no additional commission fees. CFD index spreads begin at 0.4 points. This information is not intended for inhabitants of any country or jurisdiction where distribution or use would violate local law or regulation.

 

The 150 level will be sustained, as will the 147.50 and 145 levels, in that order. We are overextended, but nonetheless, this is a one-way street, and you cannot fight it. If the Bank of Japan does interfere, it will most likely be an excellent purchasing opportunity. I do not have a target at this time because, very simply, it depends on when the Bank of Japan eventually concedes that interest rates must rise in their nation, or they will no longer have a currency. The greatest obstacle they confront is that Japan would never be able to repay its enormous debt at increased interest rates.

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