Is the Reserve Bank of Australia’s rate cut already priced in? USD/JPY trading range around the 108 yen level July 2 (Tuesday)
In this video, we will check important economic indicators and market conditions for Tuesday, July 2, chart movements, best-selling EA rankings, and more.
■Video
<Reference site>
Yahoo! JAPAN Finance
https://info.finance.yahoo.co.jp/fx/marketcalendar/
■Today’s key points
・Australia: Focus on the Reserve Bank of Australia (RBA) policy rate announcement! A rate cut from 1.25% to 1.00% is expected.
・With U.S. employment data coming up this weekend and after the China-U.S. summit, midweek may see a lack of catalysts.
・Following renewed U.S.-China trade talks, safe-haven yen has been sold, and USD/JPY rose to the low-108s. Will it continue to hover around 108?
・Best-selling EA rankings: 1st is “Kokuji,” 2nd is “InstaFX Evolution,” 3rd is “Avail-USDJPY-.” Top 3 rankings show no changes.
■USD/JPY hourly chart
Source:USD/JPY chart by TradingView
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