search

An incredible cashback rate!
40% of the spread!

Join Now

Will the decline in cross-yen pairs take a breather?

Market Report

  1. homeHOME
  2. Market Report
  3. Will the decline in cross-yen pairs take a breather?

Will the decline in cross-yen pairs take a breather?

21.07.2021

Today's Highlights
  1. U.S. MBA Mortgage Applications Index
  2. UK Public Sector Net Debt

Yesterday, stock prices rebounded in the U.S. market, leading to a market environment characterized by rising stock prices, higher interest rates, and a stronger U.S. dollar.The sharp decline in WTI crude oil has paused for now, and it is currently trading around $66.6. BTC/USD has fallen below $30,000 and is now in the $29,800 range. Meanwhile, the Teranet/National Bank Composite House Price Index for Canada, released yesterday, rose 2.7% month-over-month, marking the largest monthly increase on record.

In the foreign exchange market, the overall trend of yen appreciation has paused, and cross-yen pairs have stopped falling. The Canadian dollar/yen pair, in particular, has risen significantly, rebounding by about 130 pips from 85.4 to 86.7.Meanwhile, Oceania currencies, after rebounding, have fallen again during today’s Asian trading session, with the AUD/JPY pair moving from 80.6 to 80.2. Similarly, the NZD/JPY pair has fallen from 76.2 to 75.9 during today’s Asian trading session.

Today, the following events are scheduled: UK public sector net debt and Japanese machine tool orders at 15:00 Asia time; the US MBA Mortgage Applications Index at 20:00 Europe time; US weekly crude oil inventories at 23:30 US time; and the US 20-year Treasury auction at 26:00.While keeping a close eye on the spread of the Delta variant and stock prices, we want to carefully assess the relative strength of various currencies.

桜井 慶介

Author: Keisuke Sakurai

He has over 10 years of experience in FX trading. In the financial sector, he has been involved in investment management focused primarily on foreign exchange markets and has experience as an asset management advisor. Drawing on his extensive experience, he specializes in technical and fundamental analysis.

Previous Article

Will Accelerated Bond Buying Lead to a Weak Currency?

Next Article

Caution Over ECB President Lagarde's Remarks?
alert
Notification Settings
close

If you're using iOS

iOSをご利用の場合

If you're using iOS, tap the "Add/Save" icon at the bottom of Safari and select "Add to Home Screen." Once you've added it to your Home Screen, you can turn on "Receive Push Notifications" as shown above.

Click here for detailed instructions

If you're using an Android device or a PC

Android、PCをご利用の場合

If you're using an Android device or a PC, you can simply turn on "Receive push notifications" as shown above without installing the app. (If your browser asks for permission, please select "Allow.")

You can find instructions on how to add this to your smartphone's home screen below.

Click here for detailed instructions
USDJPY
XAUUSD
BTCUSD
USDJPY
XAUUSD
BTCUSD
Close
Click here for an explanation of each notification
arrow Return to Notification Settings
close
Details of Each Notification
line Receive key metrics and announcements

You will receive notifications about key metrics and limited-time promotions. If you turn this feature off, you may not be able to participate in limited-time promotions.

line Received a round number notification

A feature that sends notifications when a price reaches a round number. Receiving these notifications helps traders capitalize on trading opportunities and manage risk, which is why many traders are taking notice.

polygon USDJPY

Notifications are sent for every 100 pips (1 JPY) (e.g., 1 USD = 147 JPY, 1 USD = 148 JPY, etc.). Notifications for the same exchange rate are reset after 3 days (72 hours) have passed.

polygon XAUUSD

Notifications are sent every 500 pips (50 USD) (e.g., $3,000, $3,050, etc.). Notifications for the same rate are reset after 3 days (72 hours) have passed.

polygon BTCUSD

Notifications are sent every 5,000 USD (e.g., 110,000 USD, 115,000 USD, etc.). Notifications for the same exchange rate are reset after 3 days (72 hours).

line Received notification of sudden price fluctuations (sharp rises or falls in exchange rates)

Receive real-time notifications of price fluctuations for USD/JPY, gold, and Bitcoin. Never miss a trading opportunity, even when you're on the go, and place orders that instantly respond to market conditions.

polygon USDJPY

You will receive a notification when there is a fluctuation of 30 pips (0.3 JPY) or more within 10 minutes (sharp rise or sharp drop). After that, notifications for sudden fluctuations under the same conditions will be suspended for 1 hour.

polygon XAUUSD

You will receive a notification when the price fluctuates by more than 20 USD within an hour (sharp rise or sharp drop). After that, notifications for sudden price fluctuations under the same conditions will be paused for 4 hours.

polygon BTCUSD

You will receive a notification when the price fluctuates by more than 2,000 USD within one hour (sharp rise or sharp drop). After that, notifications for sudden price fluctuations under the same conditions will be suspended for four hours.

Return to Notification Settings