April Foreign Exchange Market Conditions ~ Analysis from the P&F Chart
From the crash drama at the end of the year and the New Year, the dollar/yen pair has formed a peaceful range-bound market. How will the market move in the future?
This time, using a high-precisionP&Fchart to analyze the four-month market.
Fundamental situation surrounding the USD/JPY
109.707-112.136The dollar/yen is exhibiting a peaceful range, but there are two fundamental concerns.2 つあります。US-North Korea summit
2The US-North Korea summit ended unsuccessfully in February.2019年4月11日の米韓首脳会談で、アメリカのトランプ大統領が「朝鮮労働党委員長との3回目の米朝首脳会談があり得る」とコメントしています。
If this US-North Korea summit proceeds smoothly, there is no problem, but if the talks are abandoned or again result in "disagreement," the foreign exchange market could become volatile, so caution is needed.
President Trump's request for rate cuts from the Federal ReserveFRB(Note: FRB )
2019年4月5日トランプ大統領がFRBに対し利下げを要求する旨のコメントを出しています。現在のドル円相場が「突っ込み買い」で安定している理由はドルが高利回り通貨であるからです。Repeated rate-cut requests and the possibility of FRB accepting a cut could steer USD/JPY toward the yen high side.
As seen, the key figure in the USD/JPY market is President Trump. Be sure to monitor Trump’s statements and actions in the news.
Technical analysis of USD/JPY ~P&FChart
Reference: USD/JPY dailyP&FChart
To be continuedhere
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