search
Install Now

An incredible cashback rate!
40% of the spread!

Join Now

Should We Be Wary of U.S. Dollar Price Movements Following the U.S. CPI Release?

Market Report

Should We Be Wary of U.S. Dollar Price Movements Following the U.S. CPI Release?

14.11.2023

Today's Highlights
  1. UK Employment Statistics
  2. U.S. Consumer Price Index

In the U.S. currency market the previous day, the U.S. dollar plummeted against the yen at the close of trading. The USD/JPY pair rose from 1511.334 to 151.906.It then plummeted to 151.206, briefly dipping below the 75-period moving average (MA) on the hourly chart, but during today’s Asian trading session, it is trading around 151.718, just below the 20-period MA on the hourly chart. We need to remain vigilant regarding price movements, as we cannot rule out the possibility of sudden USD selling similar to yesterday’s occurring again today.

European currencies saw the euro rise against the yen after Germany’s September current account balance, released yesterday, improved to 28.1 billion euros from 16.6 billion euros the previous month. The euro/yen pair rose from 161.544 to 162.362, continuing its gradual uptrend along the 20-period moving average on the hourly chart.On the daily chart, the upward trend from last month has continued into this month, and the price is currently moving along the +2σ line of the daily Bollinger Bands. We will be watching closely to see if the euro extends its gains during European trading hours.

Today’s schedule includes the Indian Wholesale Price Index at 3:30 p.m., the UK Employment Report, the Swedish Consumer Price Index, and Swiss Producer Import Prices at 4:00 p.m., remarks by SNB Governor Jordan at 4:45 p.m., and remarks by Williams at 5:00 p.m.:remarks by NY Fed President Williams; at 7:00 PM, the German ZEW Economic Sentiment Index, the Eurozone ZEW Economic Sentiment Index, and Eurozone Q3 GDP;at 7:30 p.m., South African employment figures; at 7:30 p.m., remarks by U.S. Federal Reserve Vice Chair Jefferson; at 10:30 p.m., U.S. Consumer Price Index; and at midnight, remarks by U.S. Federal Reserve Vice Chair Barr are scheduled.We will carefully assess price trends based on the U.S. CPI data.

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 Keep an Eye on the Upside Potential of the Euro, Now That It Has Become the Strongest Currency?

Next Article

Should We Keep an Eye on the Upside Potential for the Euro/Yen, Which Continues to Hit New Highs?
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 paying close attention to this feature.

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 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 one hour (sharp rise or sharp drop). After that, notifications for sudden price fluctuations under the same conditions will be paused for four hours.

polygon BTCUSD

You will receive a notification when the price fluctuates by more than 2,000 USD within an 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