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The U.S. employment data has been weaker than expected, leading to opinions that the job market is cooling down, which in turn has raised concerns about a potential economic recession. This has also led to expectations of a rate cut in September, resulting in a weaker dollar. Additionally, there is growing anticipation for two rate cuts this year, with the CPI report to be released this week playing a crucial role. Meanwhile, Japan does not appear to show any willingness to intervene in the yen's depreciation.
- Fed Chair Powell is scheduled to speak on July 9-10.
- The U.S. June Consumer Price Index will be announced on July 11.
- The U.S. June Producer Price Index will be announced on July 12.
- The U.S. June Retail Sales will be announced on July 16.
The Eurozone June Consumer Price Index will be announced on July 17.
USD/JPY did surpass the 160 line but failed to break through the 162 line. If it surpasses this range, the upward trend can continue, potentially rising to the 168-170 range. The direction can be determined based on the 160 and 162 lines. If it breaks through the 162 line, it could rise to the 168-170 range; if it falls below the 160 line, it may drop to the 158 line.
We will reassess further movements once the respective highs and lows are reached.
Please share your personal opinions in the comments. Don't forget to like and subscribe.
The U.S. employment data has been weaker than expected, leading to opinions that the job market is cooling down, which in turn has raised concerns about a potential economic recession. This has also led to expectations of a rate cut in September, resulting in a weaker dollar. Additionally, there is growing anticipation for two rate cuts this year, with the CPI report to be released this week playing a crucial role. Meanwhile, Japan does not appear to show any willingness to intervene in the yen's depreciation.
- Fed Chair Powell is scheduled to speak on July 9-10.
- The U.S. June Consumer Price Index will be announced on July 11.
- The U.S. June Producer Price Index will be announced on July 12.
- The U.S. June Retail Sales will be announced on July 16.
The Eurozone June Consumer Price Index will be announced on July 17.
USD/JPY did surpass the 160 line but failed to break through the 162 line. If it surpasses this range, the upward trend can continue, potentially rising to the 168-170 range. The direction can be determined based on the 160 and 162 lines. If it breaks through the 162 line, it could rise to the 168-170 range; if it falls below the 160 line, it may drop to the 158 line.
We will reassess further movements once the respective highs and lows are reached.
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.