search

An incredible cashback rate!
40% of the spread!

Join Now

Concerns Over Further Declines in the U.S. Dollar as U.S. Treasury Yields Fall

Market Report

  1. homeHOME
  2. Market Report
  3. Concerns Over Further Declines in the U.S. Dollar as U.S. Treasury Yields Fall

Concerns Over Further Declines in the U.S. Dollar as U.S. Treasury Yields Fall

24.08.2023

Today's Highlights
  1. U.S. Durable Goods Orders
  2. U.S. Initial Jobless Claims

In the U.S. currency market yesterday, the U.S. dollar remained weak as the August U.S. Manufacturing and Services PMI, released yesterday, fell sharply from the previous reading of 52.0 to 50.4.With the Japanese yen emerging as the strongest currency yesterday, the USD/JPY pair fell from 145.890 to 144.581, breaking below the 145-yen threshold for the first time since August 11. With major economic indicators scheduled for release during U.S. trading hours today, traders should remain vigilant for further declines in the U.S. dollar.

European currencies rose against the U.S. dollar due to the dollar’s weakness, even though the preliminary August consumer confidence index for the eurozone, released yesterday, deteriorated from -15.1 in the previous month to -16.0.The EUR/USD pair rose from 1.0802 to 1.0871. On the 4-hour chart, a bullish engulfing candle signaled a recovery to just below the 20-period moving average (MA). On the daily chart, the pair has rebounded after touching the 200-period exponential moving average (EMA), so we will be watching for directional cues during European trading hours.

Today’s schedule includes: France’s Business Sentiment Index at 15:45, the Philippines’ Unemployment Rate at 17:00, Hong Kong’s Trade Balance at 17:30, the TCMB Policy Rate and Statement from Turkey at 20:00, U.S. Initial Jobless Claims and U.S. Durable Goods Orders at 21:30,U.S. Chicago Fed National Activity Index, at 11:00 p.m. remarks by U.S. Federal Reserve Bank of Philadelphia President Harker, and at 12:15 a.m. remarks by U.S. Federal Reserve Bank of Boston President Collins. We should remain highly vigilant regarding the downside potential for the U.S. dollar, which has been falling alongside declining U.S. Treasury yields.

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

With Key Figures Speaking, Keep an Eye on the Direction of the U.S. Dollar, Which Has Weakened Against the Yen

Next Article

Should We Pay Attention to Changes in Currency Strength Based on Fed Chair Powell’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 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).

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