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USDJPY climbed north of 115
Information is not investment advice
Ichimoku Kinko Hyo
EUR/JPY: The EUR/JPY pair is trading into fresh highs. Further bullish momentum will fuel the pair further upwards. Alternatively, a break below the Tenkan sen level will push prices to find support at the Kijun sen level.
Equity futures in the U.S. were muted headed into overnight trading on Wednesday after the S&P 500 and Dow Jones extended a rally to close at all-time highs amid a thin trading last week of 2021 on Wall Street.
Contracts on the Dow, S&P, and NASDAQ were mostly unchanged.
Market swings intraday were exaggerated by the low trading volumes. Earnings and economic calendars remain light for the final two trading days of 2021, though investors will turn their attention on Thursday to fresh data out of Washington on weekly jobless claims.
First-time unemployment filings are expected to tick up slightly from last week’s reading but remain close to pre-pandemic lows, signalling continued recovery in the labour market as high demand for workers pours into the New Year.
In the FX space, EURUSD is trading a bit lower this morning at around 1.13 while USDJPY climbed north of 115 for the second time since Nov 2021.
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Greetings, fellow forex traders! Exciting news for those with an eye on the Australian market - the upcoming interest rate decision could be good news for Aussies looking to refinance or take out new loans. The Mortgage and Finance Association Australia CEO, Anja Pannek, has...
Hold onto your hats, folks! The Japanese yen took a nosedive after the Bank of Japan (BOJ) left its ultra-loose policy settings unchanged, including its closely watched yield curve control (YCC) policy. But wait, there's more! The BOJ also removed its forward guidance, which had previously pledged to keep interest rates at current or lower levels. So, what's the scoop? Market expectations had been subdued going into the meeting, but some were still hoping for tweaks to the forward guidance to prepare for an eventual exit from the bank's massive stimulus