Attention is likely to focus on the tapering discussion at the U.S. FOMC

Attention is likely to focus on the tapering discussion at the U.S. FOMC

16.06.2021

Yesterday, the three major U.S. stock indices all fell, resulting in a market environment characterized by lower stock prices, higher oil prices, and flat interest rates. In European markets, Germany’s DAX rebounded and hit a new record high. The VIX (fear index) rose slightly and is currently hovering around 17.02. WTI crude oil rose for the fifth consecutive day, reaching $72.30.

The yield on the 10-year U.S. Treasury note is trading flat at 1.49%, and the U.S. dollar is also in a stalemate.USD/JPY remains unchanged from the same time yesterday, trading around 110.1. Meanwhile, AUD/USD is trading within a range of 0.764 to 0.777 but is showing a gradual downward trend. Similarly, GBP/USD has fallen below the 200-period SMA on the 4-hour chart, so we should remain cautious about further downside movements just in case.

Today, at 3:00 PM Asia time, the UK Consumer Price Index, UK Retail Price Index, and UK Producer Price Index will be released; at 4:00 PM, China’s Industrial Production, Retail Sales, and Fixed Asset Investment will be released; at 8:00 PM, the US MBA Mortgage Applications Index will be released; at 8:30 PM, Turkey’s Housing Price Index will be released; at 9:30 PM, Canada’s Consumer Confidence Index and Wholesale Sales will be released;at 21:30, US Housing Starts, Building Permits, and the Import Price Index; at 23:30, US Weekly Crude Oil Inventories; at 27:00, the announcement of the US FOMC policy rate and statement; and at 27:30, a press conference by US Federal Reserve Chair Powell. We intend to carefully monitor how today’s US FOMC meeting will affect the US dollar.

Past Market Reports

1. 17.04.2026New

   Will the market wait and see how much further the U.S. dollar can rise against the yen?

2. 16.04.2026New

   Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.

3. 15.04.2026New

   Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar

4. 14.04.2026New

   Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?

5. 13.04.2026New

   Market participants are likely watching for signs of a rebound in the Canadian dollar, which fell against the U.S. dollar following the release of employment figures

6. 10.04.2026

   Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?

7. 09.04.2026

   Will the U.S. dollar, which has fallen against the yen, continue its downward slide, or should we wait and see how the market moves?

8. 08.04.2026

   Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?

9. 07.04.2026

   Market participants may be wary of further downside potential for the U.S. dollar, which has weakened amid concerns over the situation in Iran

10. 06.04.2026

    Investors should be wary of sudden spikes in volatility while major markets are closed