search

An incredible cashback rate!
40% of the spread!

Join Now

Should We Be Wary of U.S. Dollar Movements Ahead of the FOMC Meeting?

Market Report

  1. homeHOME
  2. Market Report
  3. Should We Be Wary of U.S. Dollar Movements Ahead of the FOMC Meeting?

Should We Be Wary of U.S. Dollar Movements Ahead of the FOMC Meeting?

17.12.2024

Today's Highlights
  1. U.S. Industrial Production
  2. Germany's IFO Business Climate Index

In yesterday’s U.S. currency trading, the U.S. dollar rose against the yen ahead of tomorrow’s FOMC meeting. The USD/JPY pair rose from 153.335 to 154.466. The price rose in line with the 20-period moving average on the hourly chart.On the 4-hour chart, prices are rising along the +2σ line of the Bollinger Bands, and on the daily chart, the pair has been rising for six consecutive days. We will need to monitor price movements during U.S. trading hours to see if the U.S. dollar continues to rise against the yen.

Among European currencies, the Swiss franc saw a back-and-forth movement against the yen. The Swiss franc held its ground against the Japanese yen, which had been the weakest currency all day. The CHF/JPY pair traded within a range of 171.713 to 172.862.On the 4-hour chart, prices are being rejected by the 200 EMA as an upper resistance level, while on the daily chart, the pair is currently searching for direction just below the 200 SMA. On the weekly chart, the Bollinger Band width is contracting, and the RSI is hovering around 50.

Today’s economic indicators include the UK unemployment rate at 16:00, the Hong Kong unemployment rate at 17:30, the German IFO Business Climate Index at 18:00, the German ZEW Economic Sentiment Survey and the Eurozone trade balance at 19:00,at 21:00: Mexico’s retail sales; at 22:30: Canada’s Consumer Price Index, Canada’s government bond turnover, and U.S. retail sales;at 11:15 PM: U.S. industrial production and capacity utilization; at 12:00 AM: U.S. business inventories and NAHB Housing Market Index; and at 3:00 AM: U.S. 20-year Treasury auction. I want to carefully assess the movement of the U.S. dollar ahead of the FOMC meeting.

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

Market Participants May Be Waiting to See If the Euro-Dollar Rebound Is Sustainable

Next Article

Should We Watch the Direction of the CAD/JPY Pair, Which Fell Due to a Drop in Canadian CPI?
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 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