Upon Powell Fed Chair's hint of rate cuts, USD/JPY rises to the low 108s! Bitcoin is contending around 1.3 million yen!? Thursday, July 11
In this video, we will check important economic indicators and market conditions for Thursday, July 11, chart movements, and best-seller EA rankings.
■Video
<Reference site>
Yahoo! JAPAN Finance
https://info.finance.yahoo.co.jp/fx/marketcalendar/
■Key points for today
・Europe: ECB Governing Council meeting minutes, United States: Consumer Price Index (CPI) and remarks by Fed Chair Jerome Powell
・Powell's testimony before Congress strongly hints at rate cuts. A cut in July and even in September seem almost certain?
・Following the congressional testimony, USD/JPY fell to the lower 108 yen range. It may break below the 108 yen level.
・Bitcoin fell below 1.3 million yen, trading around 1.29 million yen.
・Best-seller EA rankings: 1st place Avail-USDJPY, 2nd place Perfect Game, 3rd place Koku, with no changes in ranking from the previous day.
■USD/JPY, 1-hour chart
Source: USDJPY chart by TradingView
■Bitcoin in JPY, 1-hour chart
Source: BTCJPY chart by TradingView
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