search

An incredible cashback rate!
40% of the spread!

Join Now

Will the release of the U.S. FOMC minutes cause the U.S. dollar to rise, or should we wait and see?

Market Report

  1. homeHOME
  2. Market Report
  3. Will the release of the U.S. FOMC minutes cause the U.S. dollar to rise, or should we wait and see?

Will the release of the U.S. FOMC minutes cause the U.S. dollar to rise, or should we wait and see?

09.10.2024

Today's Highlights
  1. New Zealand: RBNZ Policy Rate and Statement Release
  2. Release of the U.S. FOMC Minutes

In the U.S. currency market yesterday, the U.S. dollar rose against the yen ahead of today’s release of the FOMC minutes.The USD/JPY pair rose from 147.334 to 148.371, climbing gradually. On the 4-hour chart, the upward trend along the 10-period moving average (MA) continues, while on the daily chart, the RSI has risen from 52 to 62. We need to assess whether the U.S. dollar will continue to strengthen during U.S. trading hours.

Among European currencies, the euro rose slightly against the yen. The euro/yen pair rose from 161.895 to 162.825. Price action was seen crossing the 20-period moving average on the hourly chart.On the 4-hour chart, the 20-period moving average is providing support on the downside, while on the daily chart, the pair is currently attempting to break above the resistance line formed by the 200-period exponential moving average (EMA). It will be interesting to see if the euro continues its upward trend during European trading hours.

Today, the RBNZ will announce its policy rate and statement at 10:00; the Reserve Bank of India will announce its policy rate and statement at 13:30; and Germany’strade balance, at 20:00 the U.S. MBA Mortgage Applications Index, at 21:00 Mexico’s Consumer Price Index and remarks by Bostic, President of the Atlanta Fed, at 22:15 remarks by Logan, President of the Dallas Fed, at 23:00 U.S. wholesale inventories,U.S. weekly crude oil inventories, at 26:00, a U.S. 10-year Treasury auction, and at 27:00, the release of the U.S. FOMC minutes. I intend to watch the situation carefully to see if the release of the U.S. FOMC minutes will affect the upside potential of the U.S. dollar.

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 Further Downside Potential for the Canadian Dollar, Which Weakened During U.S. Trading Hours?

Next Article

All eyes are on whether the CPI will affect the upside potential of the rising 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 an interest in 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 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 one hour (sharp rise or sharp drop). After that, notifications for sudden price fluctuations under the same conditions will be suspended for four 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