EUR/USD 1.12241
-0.121%
Gold 4177.05
0.200%
Oil 97.483
-1.354%
USD/JPY 157.988
-0.002%
GBP/USD 1.33251
-0.020%
GBP/JPY 210.525
-0.022%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Xiaomi Auto: Xiaomi HyperOS 1.18 OTA update for Xiaomi Auto is now live.On October 19th, Austrian Airlines confirmed that an Austrian Airlines passenger plane flying from Tel Aviv, Israel to Vienna, Austria, was forced to divert and land in Sofia, the capital of Bulgaria, late on October 18th due to a bomb threat. Austrian Airlines stated that a search is currently underway on the Airbus A320 aircraft, and passengers will be rebooked on alternative flights after the search is completed. There were 51 passengers and 6 crew members on board. According to reports, the aircraft "received a bomb threat while flying over the Romanian border and decided to make an emergency landing in Sofia." An Air Force fighter jet escorted the aircraft throughout its journey until it landed in Sofia, after which passengers were evacuated.October 19th - Japanese automaker Subaru announced plans to launch its Software-Defined Vehicle (SDV) in the latter half of this decade, aiming to shorten vehicle development cycles by approximately 40% and accelerate vehicle launches. At a strategy briefing, Subaru stated that it will gradually deploy newly developed integrated electronic control units (ECUs) across its entire model lineup. Subaru indicated its goal is to shorten development cycles by utilizing digital simulation in prototyping and simultaneously conducting design, testing, and production preparation.Fitch: Fitch Ratings expects the stock of Indonesia’s debt capital market to continue to grow, potentially reaching nearly $800 billion by the end of 2026.October 19th - In the first three quarters, the total value of Chinas imports and exports reached 39,939.9 billion yuan, a year-on-year increase of 18.8%. Exports totaled 23,197.9 billion yuan, up 16.4%; imports reached 16,742 billion yuan, up 22.3%. Imports and exports with countries participating in the Belt and Road Initiative increased by 17.1%. Private enterprises imports and exports increased by 19.1%, accounting for 56.9% of the total. Exports of machinery and electronic products increased by 23.7%, accounting for 64.3% of total exports. In September, the total value of imports and exports reached 5,162.8 billion yuan, a year-on-year increase of 27.5%, 7.7 percentage points faster than the previous month. Exports reached 3,034.4 billion yuan, up 29.6%; imports reached 2,128.4 billion yuan, up 24.6%.

USD/JPY Price Forecast for the Week Ahead: The US Dollar Continues to Climb

Alina Haynes

Oct 24, 2022 15:54

 截屏2022-10-24 下午3.49.29.png

 

The US Dollar strengthened against the Japanese yen throughout the week, surpassing the psychologically significant 150 mark. In doing so, the market is demonstrating its disregard for the Bank of Japan and its warnings, as the BOJ has previously attempted to intervene and we are almost 1000 pips above that level. In this situation, it would appear that the central bank has no choice but to allow the currency to devalue.

 

Purchasing "unlimited bonds" is equivalent to producing "unlimited currency," hence the supply of Japanese Yen will continue to be a significant drawback to the exchange rate. Consequently, this is a one-way exchange, but also one that you do not necessarily wish to alter. It would be reasonable to expect a retreat sooner or later, if for no other reason than sheer tiredness.

 

You should only trade with capital that you can afford to lose while trading derivatives. The trading of derivatives may not be suitable for all investors; thus, you should ensure that you fully comprehend the risks involved and, if necessary, seek independent counsel. Before entering into a transaction with us, a Product Disclosure Statement (PDS) can be received through this website or upon request from our offices and should be reviewed. Raw Spread accounts offer spreads as low as 0 pips and a commission rate of $3.50 per 100,000 USD traded. Spreads on standard accounts begin at 1 pip with no additional commission fees. CFD index spreads begin at 0.4 points. This information is not intended for inhabitants of any country or jurisdiction where distribution or use would violate local law or regulation.

 

The 150 level will be sustained, as will the 147.50 and 145 levels, in that order. We are overextended, but nonetheless, this is a one-way street, and you cannot fight it. If the Bank of Japan does interfere, it will most likely be an excellent purchasing opportunity. I do not have a target at this time because, very simply, it depends on when the Bank of Japan eventually concedes that interest rates must rise in their nation, or they will no longer have a currency. The greatest obstacle they confront is that Japan would never be able to repay its enormous debt at increased interest rates.

Suggestion