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Key Points
- Former U.S. Treasury Secretary Scott Bessent said in an interview with CNBC, “Since China exports five times more to the U.S. than the U.S. does to China, I believe the easing of tensions is up to China.”
- Chinese Foreign Ministry spokesperson Guo Jia-kun denied Trump’s claim of a phone call with President Xi Jinping, saying, “As far as I know, there has been no phone call between the two leaders.”
- The Dallas Federal Reserve reported that the general business activity index for Texas manufacturing in April plunged by 19.5 points from the previous month to -35.8. The U.S. Treasury also announced that, excluding the impact of the debt ceiling, its second-quarter borrowing estimate would be $53 billion lower than previously forecast.
Key Economic Events This Week
+ April 29: U.S. March JOLTS Report
+ April 30: Germany Q1 GDP, Germany April Consumer Price Index, U.S. April ADP Non-Farm Employment Change, U.S. March Core PCE Price Index
+ May 1: Bank of Japan Interest Rate Decision
+ May 2: Eurozone April Consumer Price Index, U.S. April Non-Farm Payrolls, U.S. April Unemployment Rate
USDJPY Chart Analysis
The price rose up to the 144 level but faced resistance in that zone as expected. In the short term, a small range between 140 and 144 is likely to form. With the current pullback, we expect a retest of the support level near 140. If this level holds, another upward move toward 144 can be anticipated. The future direction will be determined by whether the pair breaks out of this range to the upside or downside.
Please share your personal opinions in the comments. Don’t forget to hit the booster and subscribe!
Key Points
- Former U.S. Treasury Secretary Scott Bessent said in an interview with CNBC, “Since China exports five times more to the U.S. than the U.S. does to China, I believe the easing of tensions is up to China.”
- Chinese Foreign Ministry spokesperson Guo Jia-kun denied Trump’s claim of a phone call with President Xi Jinping, saying, “As far as I know, there has been no phone call between the two leaders.”
- The Dallas Federal Reserve reported that the general business activity index for Texas manufacturing in April plunged by 19.5 points from the previous month to -35.8. The U.S. Treasury also announced that, excluding the impact of the debt ceiling, its second-quarter borrowing estimate would be $53 billion lower than previously forecast.
Key Economic Events This Week
+ April 29: U.S. March JOLTS Report
+ April 30: Germany Q1 GDP, Germany April Consumer Price Index, U.S. April ADP Non-Farm Employment Change, U.S. March Core PCE Price Index
+ May 1: Bank of Japan Interest Rate Decision
+ May 2: Eurozone April Consumer Price Index, U.S. April Non-Farm Payrolls, U.S. April Unemployment Rate
USDJPY Chart Analysis
The price rose up to the 144 level but faced resistance in that zone as expected. In the short term, a small range between 140 and 144 is likely to form. With the current pullback, we expect a retest of the support level near 140. If this level holds, another upward move toward 144 can be anticipated. The future direction will be determined by whether the pair breaks out of this range to the upside or downside.
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.