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Last week, Federal Reserve Chairman Jerome Powell made market-friendly remarks in his speech to Congress, and U.S. inflation indicators also showed signs of slowing down. This has raised expectations that the Federal Reserve might cut interest rates at the September FOMC meeting. The CME FedWatch Tool reflected a 100% probability of a rate cut in September, meaning that bets on rate hikes have disappeared from the market. However, concerns have arisen that if Trump wins the upcoming November election and implements his promised 10% universal tariff, inflation could rise sharply again. This is something to keep an eye on.
Meanwhile, Japan’s June inflation rate is expected to rise by 2.9%, significantly exceeding the BOJ's target of 2%. It is anticipated that the BOJ will raise interest rates at its monetary policy meeting in July.
- U.S. June retail sales will be announced on July 16th.
- The UK June Consumer Price Index and the Eurozone June Consumer Price Index will be announced on July 17th.
- The Eurozone interest rate decision will be made on July 18th.
USD/JPY failed to break through the 162 line and experienced a significant pullback. As previously mentioned, if it breaks below the 160 line again, it could pull back to around the 158 line, where the downward trend is expected to stabilize. A rebound is expected, with the peak around the 162 line. However, if it breaks below the 157 line, there could be another pullback to the 154-153 range.
If the movement differs from expectations, we will quickly revise our strategy.
Please share your personal opinions in the comments. Don’t forget to like and subscribe.
Last week, Federal Reserve Chairman Jerome Powell made market-friendly remarks in his speech to Congress, and U.S. inflation indicators also showed signs of slowing down. This has raised expectations that the Federal Reserve might cut interest rates at the September FOMC meeting. The CME FedWatch Tool reflected a 100% probability of a rate cut in September, meaning that bets on rate hikes have disappeared from the market. However, concerns have arisen that if Trump wins the upcoming November election and implements his promised 10% universal tariff, inflation could rise sharply again. This is something to keep an eye on.
Meanwhile, Japan’s June inflation rate is expected to rise by 2.9%, significantly exceeding the BOJ's target of 2%. It is anticipated that the BOJ will raise interest rates at its monetary policy meeting in July.
- U.S. June retail sales will be announced on July 16th.
- The UK June Consumer Price Index and the Eurozone June Consumer Price Index will be announced on July 17th.
- The Eurozone interest rate decision will be made on July 18th.
USD/JPY failed to break through the 162 line and experienced a significant pullback. As previously mentioned, if it breaks below the 160 line again, it could pull back to around the 158 line, where the downward trend is expected to stabilize. A rebound is expected, with the peak around the 162 line. However, if it breaks below the 157 line, there could be another pullback to the 154-153 range.
If the movement differs from expectations, we will quickly revise our strategy.
네이버 카페 :
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
네이버 카페 :
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.