• 火. 5月 24th, 2022

    TRADEVIEW MARKET-INSIDER

    Market news from tradeview.tech

    JPY Weekly Review (July 20 – 24)

    ByRealtrade.news

    7月 25, 2020


    A swift turn in broad risk sentiment towards negative on Thursday wasn’t enough to help the Japanese yen overcome the early week positive vibes and net losses against the other major currencies.

    Overlay of Inverted JPY Pairs: 1-Hour Forex Chart
    JPY Weekly Performance from MarketMilk
    JPY Weekly Performance from MarketMilk

    Japanese Headlines and Economic data

    Monday:

    BOJ debated deflation risk at June meeting, cautious of bolder steps: minutes

    Japan 1st-half exports fall 15%, sharpest drop in decade due to virus

    Weak start to the new week for the Japanese yen, likely on a combination of the Japanese headlines above and positive global risk sentiment. Traders were starting the week on good vibes, likely on a mix of stories including a change of heart on face masks by U.S. President Trump, optimism of a EU Recovery fund deal, and another positive COVID-19 vaccine update, this time from the joint project between Oxford and AstraZeneca.

    Tuesday:

    Japanese national core CPI unchanged in June vs. projected 0.1% dip

    More global risk-on vibes on the session to likely put pressure on the safe haven yen, this time after the EU finally gets a deal done on the recovery fund, positive expectations of another round of U.S. stimulus soon.

    Wednesday:

    Japan approves dexamethasone as coronavirus treatment

    au Jibun Bank Japan Manufacturing Purchasing Managers’ Index rose to 42.6 in July from 40.1 in June

    The better-than expected Japanese PMI data and coronavirus treatment wasn’t enough to lift the yen on the session, as Tuesday’s positive risk sentiment was the likely driver for the yen’s continued move lower.  The risk-on party did slow down a bit during the U.S. session as traders began to focus on rising tensions between U.S. and China (U.S. charges two Chinese nationals in coronavirus vaccine hacking schemeU.S. gives China 72 hours to shut Houston consulate)

    Thursday:

    Coronavirus cases in Tokyo top 300 for 1st time

    Big turn in risk sentiment towards negative during the Thursday U.S. trading session, this time on signs of a weakening rebound of the U.S. jobs sectorU.S.-China tensions seemed to have been on the rise during the session, along with rising COVID-19 worries and U.S. big tech sector weakness to help the yen make gains into the end of the session.

    Friday:

    The rally continued for the yen on Friday, and with the Japanese markets closed for the Health Sports Day holiday, it’s likely the strength was a continuation of Thursday’s price action and broad risk aversion sentiment. U.S.-China tensions were once again a focus, this time after China ordered the closure of a U.S. consulate in Chengdu and US Secretary of State Mike Pompeo urged China’s citizens to help ‘change the behaviour’ of their government.



    Source link

    TradeviewForex入会特典

    Tradeviewforex.infoでは特別にトレード手数料を抑えたアカウントを提供しています。
    ・Xレバレッジ:手数料80%割引(例:1000円→200円)※スプレッド圧縮の形での還元
    ・ILC口座:1ロット当たりの手数料60%オフ(通常500円→300円)

    追加アカウントでの入会の場合は、連絡事項に「212283に乗換を希望」とご記入ください。

    English English Japanese Japanese