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CPT MarketsThe Governor of the Bank of Japan stated that future interest rate hikes depend on upcoming data releases! quiet...

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CPT MarketsThe Governor of the Bank of Japan stated that future interest rate hikes depend on upcoming data releases! quiet...813 / author:CPT / PostsID:1728076

dollar/Japanese yen(USDJPY):

CPT MarketsThe Governor of the Bank of Japan stated that future interest rate hikes depend on upcoming data releases! quiet...847 / author:CPT / PostsID:1728076




News Event: Bank of Japan(BOJ)President Kazuo Ueda(Kazuo Ueda)In the speech, it was stated that future interest rate hikes will largely depend on the upcoming data releases.
Before his comments, the market had mixed views on the possibility of the Bank of Japan raising interest rates in the future. Some analysts believe that given Japan's continuous core inflation rate 23 Keep at 2.0% Above the goal, more interest rate hikes are imminent.

Technical analysis: The Japanese yen continues to consolidate and is gradually converging, with a chance to test support for a recent decline.

Resistance level: 151.959 support level:150.809



euro/dollar(EURUSD):

CPT MarketsThe Governor of the Bank of Japan stated that future interest rate hikes depend on upcoming data releases! quiet...408 / author:CPT / PostsID:1728076




News Event: Tuesday, Euro/USD in1.0860Nearby hovering, with mixed ups and downs. The reason for the small fluctuation may be due to the announcement made on Wednesday in the United States3Monthly Consumer Price Index(CPI)Before the release of inflation data, many traders chose to wait and see. stay CPI Prior to announcement, the Euro/The US dollar may not have too much volatility Move. Economists predict that data shows that,3Annual increase in monthly US prices3.4%(Annual increase in core commodities)3.7%)Both are still far higher than the Joint Executive Board(Fed)2.0%The goal is to. The Federal Reserve may adjust interest rates from the current 5.5%Before the level is lowered, a larger interest rate cut is needed.

Technical Analysis: Euro Breakthrough Again1.087After rebounding and falling, as long as it does not break through the resistance line above and stand firm, it still maintains a bearish trend.

Resistance level:1.08763 support level:1.07914



USD Index(USDX):

CPT MarketsThe Governor of the Bank of Japan stated that future interest rate hikes depend on upcoming data releases! quiet...174 / author:CPT / PostsID:1728076





News event: US dollar index(DXY)Currently maintaining neutrality. The highlight of this week was announced on Wednesday 3 Monthly US Consumer Price Index(CPI)Therefore, the market is generally calm.
In the two months of high inflation, the Federal Reserve raised its forecast, but Powell confirmed his complacent attitude towards these data. Therefore, the US dollar is still in a pending state, awaiting potential policy shifts related to new data.

Technical analysis: The US dollar index rebounded and rose after testing support yesterday's decline, and there is a chance to start rising today.

Resistance level: 105.142 support level:103.973



Dow Jones index(US30):

CPT MarketsThe Governor of the Bank of Japan stated that future interest rate hikes depend on upcoming data releases! quiet...485 / author:CPT / PostsID:1728076




News event: Dow Jones Industrial Average (DJIA) During Tuesday morning trading in the United States, it fell into a negative range. Mild risk appetite during trading hours in the United States and Europe has weakened, with investors citing the US Consumer Price Index on Tuesday  (CPI) Take a cautious stance before announcement.
U.S.A 3 The monthly consumer inflation rate is expected to decrease from 2 Monthly annual rate3.2% Accelerate to 3.4%. Core Consumer Price Index Excluding the Impact of Seasonal Food and Energy Prices (CPI) Expected to start from 2 Monthly annual rate 3.8% lower 3.7%. Anyway, the displayed level is much higher than that of the Federal Reserve(Fed)Designed to stabilize prices 2% Core inflation rate.

Technical analysis: The Dow Jones Industrial Average currently has the opportunity to first test the neckline of the upward reversal structure and then continue to decline, testing the support below.

Resistance level: 39887.86 support level:38546.05

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.



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