In 2019, as expected, a turbulent start [Jiro Ota]

Profile of Jiro Ota

Jiro Ota. FX strategist. He began FX trading in 1979 at The First National Bank of Boston Tokyo Branch. Later he engaged in corporate foreign exchange at Manufacturers Hanover Trust Bank, BHF Bank, National Westminster Bank, and ING Bank, then moved to retail FX, working in the U.S. GFT Tokyo branch, then gaining experience as a market strategist, and is now active as an individual investor.

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※ This article is a reproduction/rewritten from FX攻略.com April 2019 issue. Please note that the market information described in the text may differ from current market conditions.

Forex market surrounded by many uncertainties

The start of 2019 began with a turbulent mood, including the yen flash crash on January 3 and the Powell Put (the authorities' monetary policy to protect investors from excessive losses) on January 4. The initial FX environment at the beginning of the year is surrounded by numerous uncertainties, making it very difficult to predict market direction. This time, we will check the factors that cause FX fluctuations and compare past long-term chart data with current levels.