CPT Markets: Japan Q3GDPShrinking caused the yen to take back its upward momentum! Germany11Monthly communication...

Today's Focus
last week12month04Rihe12month08In the Japanese Asian market, the US and Canadian currencies rose while other currencies generally fell; The price of gold has fallen, butcrude oilAll are in an upward trend.foreign exchangeAspect: The US dollar index has risen to103.98； The euro fell against the US dollar to1.0763； The pound fell against the US dollar to1.2548； The US dollar rose against the Japanese yen to144.98； The US dollar fell to1.3587； The Australian dollar fell against the US dollar to0.6578。 In terms of precious metals:goldFalling to USD2002.90。 In terms of crude oil: Brent crude oil rose to75.91。

dollar/Japanese yen (USDJPY)：

The US dollar rose slightly against the Japanese yen last Friday103.98Nearby, due to Japan's third quarterGDPThe weak data has led to limited upward space for the Japanese yen.

Last Wednesday, Deputy Governor of the Bank of Japan Bingjian Ye Liangsan The impact of exiting the negative interest rate policy on the Japanese economy is relatively small. He said that we will carefully evaluate the situation and consider exiting(Negative interest rate)The timing and procedure. The next day, the Governor of the Bank of Japan Kazuo Ueda When releasing its semi annual report in Congress on Thursday, it was stated that the bank's handling of monetary policy will become more challenging from the end of this year to next year. He said that if the Bank of Japan raises interest rates, there will be multiple options, including maintaining interest rates applicable to reserves and adjusting overnight loan rates. The hawkish remarks of Bank of Japan officials further strengthen the market's expectation of interest rate hikes, and the market expects the probability of the Bank of Japan ending negative interest rates this month to increase2%Soaring to45%。

Last Friday, in terms of financial event data, the US Bureau of Labor Statistics released11The monthly non farm employment population change has increased compared to expectations19.9Ten thousand. Although employment in private enterprises and manufacturing was lower than expected, the overall increase compared to the previous period was as follows:15Wanhe2.8Ten thousand people, while the labor participation rate and unemployment rate have both improved, rising to62.8Wanhe has decreased to3.7%Ten thousand people, the average monthly rate of working hours is generally unchanged4%and0.4%This reflects a boost in the labor market. In addition, the University of Michigan in the United States has announced12The monthly consumer confidence index is higher than expected69.4An increase in consumer confidence means an increase in consumption and a strengthening economy. In terms of Japanese economic data, the Japanese Cabinet Office announced the third quarterGDPThe quarterly rate is weaker than expected-0.7%This indicates a contraction in domestic production in the country.

From the upward direction, the upper suppression(Upper resistance) 103.90，104.30； From the downward direction, the lower support103.40。

euro/pound (EURGBP)：

After the close of last Friday with mixed gains and losses against the pound, the euro continued to consolidate0.8578Nearby, due to the resilience of the US economy, there have been more job opportunities in the labor force than expected, putting downward pressure on the euro and pound.

United States Bureau of Labor StatisticsBLSThe released non-agricultural employment report shows that the United States 11 Moon created 19.9 Ten thousand job opportunities. Market participants expect to increase 18 Ten thousand, mainly driven by the growth of the healthcare and automotive industries. The data shows that the unemployment rate has increased from 3.9% Descend to 3.7%. Average hourly wage rate increase 4%, in line with expectations; Monthly rate from last month's 0.2%Ascend to 0.4%. In addition, last week's economic data in the UK was scarce, and traders were waiting for the Bank of EnglandBoENext week's meeting. Economists expect the Bank of England to remain unchanged, but anticipate 2024 The annual interest rate reduction will reach 80 Basis points.

Last Friday, in terms of financial event data, the German Federal Bureau of Statistics released11monthCPIThe monthly rate is maintained at3.2%and-0.4%, reconcile the fixed year on year ratio with the same period last year-0.7%and2.3%This reflects that inflationary pressure remains at a certain level. In addition, the quarterly rate of private wage employment in France in the third quarter is as high as in the previous period0.5%This reflects the stable growth of the country's labor market.

From the upward direction, the upper suppression(Upper resistance) 0.8570，0.8610； From the downward direction, the lower support0.8540。

CPT MarketsRisk Tips and Disclaimers : The above article content is for reference only and is not intended as future investment advice.CPT Markets The articles published are mainly based on international financial data reports and international news as reference.