Attention to U.S. ADP Employment Report and ISM Non-Manufacturing PMI! Following a substantial decline in U.S. long-term interest rates, dollar selling and yen buying lead July 3 (Wednesday)
In this video, we review important economic indicators and market conditions for Wednesday, July 3, chart movements, popular EA rankings, and more.
■Video
<Reference site>
Yahoo! JAPAN Finance
https://info.finance.yahoo.co.jp/fx/marketcalendar/
■Key points for today
・U.S.: Focus on ADP employment statistics and ISM Non-Manufacturing PMI!
・News that “U.S. Vice President Pence canceled his schedule and moved urgently to the White House” and “Russia’s President Putin held an urgent meeting with the defense minister” circulated nearly simultaneously, impacting the exchange market as well?
・Long-term U.S. interest rates dipping below 2.00% led to yen buying and dollar selling. The USD/JPY fell and traded in the mid-107s.
・Top-selling EA rankings: 1st “Koku,” 2nd “InstaFX Evolution,” 3rd “Avail-USDJPY-”; top three rankings unchanged.
■USD/JPY, 1-hour chart
Source: USDJPY chart by TradingView
■U.S. 10-year yield, 1-hour chart
Source: US10Y chart by TradingView
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