search

An incredible cashback rate!
40% of the spread!

Join Now

Caution Over Continued Yen Buying Trend Since Last Weekend?

Market Report

  1. homeHOME
  2. Market Report
  3. Caution Over Continued Yen Buying Trend Since Last Weekend?

Caution Over Continued Yen Buying Trend Since Last Weekend?

17.01.2022

Today's Highlights
  1. Canada: Manufacturing Revenue
  2. U.S. markets closed for a holiday

Last weekend, the three major U.S. stock indices posted mixed results, with the Nasdaq closing higher. The market was characterized by flat stock prices, rising crude oil prices, and higher interest rates. The massive undersea volcanic eruption off the coast of Tonga that occurred last Saturday, the 15th, has not had a significant impact on the market, which continues to trade without disruption.

Although crude oil prices have fallen from their highs, Oceania currencies are showing signs of weakness in the foreign exchange market. The AUD/USD pair fell from 0.728 to 0.719 after forming a triple top on the hourly chart.From a technical perspective, the AUD/USD pair is still trading within a daily parallel channel. As it is currently near the lower boundary of the channel at 0.719, it will be interesting to see if a rebound occurs going forward.

Apart from the release of Canadian manufacturing shipments at 22:30 U.S. time and Canadian existing home sales at 23:00 today, no major economic indicators or remarks by key officials are scheduled. Additionally, U.S. markets are closed today in observance of Martin Luther King Jr. Day.This week, the Bank of Japan’s Monetary Policy Meeting is scheduled for Tuesday, the 18th; Germany’s Consumer Price Index is set for Wednesday, the 19th; and the minutes from the ECB’s regular Governing Council meeting are scheduled for release on Thursday, the 20th.We should keep a close eye on news regarding the undersea volcanic eruption off the coast of Tonga and remain vigilant for sudden price fluctuations.

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

Should We Be Wary of the U.S. Dollar's Unrelenting Decline?

Next Article

Should We Keep an Eye on the Movement of Cross-Yen Pairs as They Rebound?
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 explanations 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 for 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) have passed.

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 4 hours.

Return to Notification Settings