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Key Points
- The Bank of Japan has decided to maintain its policy of reducing government bond purchases beyond April next year. It is expected to officially announce the extension of its bond-buying plan during the Monetary Policy Meeting scheduled for June 16–17.
- The United States and China concluded the first day of trade talks in London. U.S. Treasury Secretary Scott Besant described the talks as “positive,” while Commerce Secretary Howard Lutnick said they were “productive.”
- According to the New York Federal Reserve, 1-year inflation expectations fell by 0.4% to 3.2% from the previous month. Expectations for 3-year and 5-year inflation also showed signs of easing, further fueling hopes of interest rate cuts.
Key Economic Events This Week
+ June 11: U.S. May Consumer Price Index (CPI)
+ June 12: U.K. April GDP, U.S. May Producer Price Index (PPI)
+ June 13: Germany May Consumer Price Index (CPI)
USDJPY Chart Analysis
The 142 level has consistently provided strong support, and the pair has since climbed to the upper range around 144. However, resistance near the 146 level remains, making it difficult to confirm a full bullish trend. While we may anticipate a potential rise toward the 149 level, we’ll be keeping a close watch on how the price behaves around 146.
Please feel free to share your personal thoughts in the comments. Don’t forget to hit the boost button and subscribe!
Key Points
- The Bank of Japan has decided to maintain its policy of reducing government bond purchases beyond April next year. It is expected to officially announce the extension of its bond-buying plan during the Monetary Policy Meeting scheduled for June 16–17.
- The United States and China concluded the first day of trade talks in London. U.S. Treasury Secretary Scott Besant described the talks as “positive,” while Commerce Secretary Howard Lutnick said they were “productive.”
- According to the New York Federal Reserve, 1-year inflation expectations fell by 0.4% to 3.2% from the previous month. Expectations for 3-year and 5-year inflation also showed signs of easing, further fueling hopes of interest rate cuts.
Key Economic Events This Week
+ June 11: U.S. May Consumer Price Index (CPI)
+ June 12: U.K. April GDP, U.S. May Producer Price Index (PPI)
+ June 13: Germany May Consumer Price Index (CPI)
USDJPY Chart Analysis
The 142 level has consistently provided strong support, and the pair has since climbed to the upper range around 144. However, resistance near the 146 level remains, making it difficult to confirm a full bullish trend. While we may anticipate a potential rise toward the 149 level, we’ll be keeping a close watch on how the price behaves around 146.
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.