search

An incredible cashback rate!
40% of the spread!

Join Now

Should We Be on Alert for the Pound's Highly Volatile Movements?

Market Report

  1. homeHOME
  2. Market Report
  3. Should We Be on Alert for the Pound's Highly Volatile Movements?

Should We Be on Alert for the Pound's Highly Volatile Movements?

12.10.2022

Today's Highlights
  1. U.S. MBA Mortgage Applications Index
  2. Remarks by Pill, a Member of the Bank of England’s MPC

In the U.S. currency market the previous day, the U.S. dollar remained firm as U.S. Treasury yields rose across the board.The USD/JPY pair rose to 146.388, hitting a 24-year high. However, at today’s press conference, Finance Minister Suzuki stated, “Sudden price fluctuations are undesirable. Intervention is not something we would undertake simply because the exchange rate reaches this level.” His remarks confirmed that the government is more concerned about sharp fluctuations in volatility than about the exchange rate itself.

Although Bank of England Governor Bailey had previously stated that the asset purchase program would end on the 14th of this week as originally planned, he announced today that “the asset purchase program will be extended,” causing the pound to experience significant volatility.The GBP/JPY exchange rate fell by about 3 yen, from 162.637 to 159.718. Price fluctuations were driven by market reactions to his contradictory remarks.

Today’s schedule includes UK GDP and UK industrial production at 15:00, remarks by UK MPC member Haskell at 17:00, EurozoneIndustrial Production, at 20:00 the U.S. MBA Mortgage Applications Index, at 20:35 remarks by UK MPC Member Pill, at 21:30 the U.S. Producer Price Index, at 22:30 remarks by ECB President Lagarde, at 23:00 remarks by U.S. Federal Reserve Bank of Minneapolis President Kashkari:President of the Minneapolis Fed, at 26:00 UK MPC Member Mann’s remarks and the US 10-year Treasury auction, at 26:45 US Federal Reserve Vice Chair Barr’s remarks, and at 27:00 the release of the US FOMC minutes.We should remain vigilant regarding the pound, which is experiencing significant volatility.

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 Euro's Direction, Given Its Resistance to Further Gains Even Under QT?

Next Article

It remains to be seen whether there will be any changes in the back-and-forth movement of the euro against the U.S. dollar.
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 a sudden price fluctuation (sharp rise or fall in the exchange rate)

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