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Key Points
- U.S. President-elect Donald Trump has nominated Scott Besent, a hedge fund founder, as the next Treasury Secretary.
- Trump stated, "On my first day in office, I will impose an additional 25% tariff on Mexican and Canadian products and 10% on Chinese products."
- Long-term U.S. Treasury yields and the Dollar Index have declined, with the Dollar Index extending losses below the 107 mark.
- A ceasefire agreement between Israel and Hezbollah, a pro-Iran armed faction in Lebanon, is reportedly imminent.
Economic Indicators This Week
- November 26: BOJ Core CPI
- November 27: FOMC Meeting Minutes release, U.S. Q3 GDP, U.S. October Personal Consumption Expenditures (PCE) Price Index
- November 28: Germany’s November Consumer Price Index (CPI)
- November 29: Eurozone’s November Consumer Price Index (CPI)
USD/JPY Chart Analysis
After facing resistance around the 157 level, the pair has retreated to the 154 level. However, there is still potential for further upward movement. It is expected to find support at the 153 level, rise to 158, and then begin a significant downward trend.
If the 153 level is breached, a downward reversal could occur, potentially driving the pair quickly down to the 149 level. In this case, a new strategy will be formulated promptly.
Please share your personal opinions in the comments. Don’t forget to hit the boost button and subscribe!
Key Points
- U.S. President-elect Donald Trump has nominated Scott Besent, a hedge fund founder, as the next Treasury Secretary.
- Trump stated, "On my first day in office, I will impose an additional 25% tariff on Mexican and Canadian products and 10% on Chinese products."
- Long-term U.S. Treasury yields and the Dollar Index have declined, with the Dollar Index extending losses below the 107 mark.
- A ceasefire agreement between Israel and Hezbollah, a pro-Iran armed faction in Lebanon, is reportedly imminent.
Economic Indicators This Week
- November 26: BOJ Core CPI
- November 27: FOMC Meeting Minutes release, U.S. Q3 GDP, U.S. October Personal Consumption Expenditures (PCE) Price Index
- November 28: Germany’s November Consumer Price Index (CPI)
- November 29: Eurozone’s November Consumer Price Index (CPI)
USD/JPY Chart Analysis
After facing resistance around the 157 level, the pair has retreated to the 154 level. However, there is still potential for further upward movement. It is expected to find support at the 153 level, rise to 158, and then begin a significant downward trend.
If the 153 level is breached, a downward reversal could occur, potentially driving the pair quickly down to the 149 level. In this case, a new strategy will be formulated promptly.
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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.