Be wary of ECB surprise rate cut! Selling of EUR/JPY may spill over to USD/JPY as well [July 25 (Thursday)]
In this video, we will review important economic indicators and market conditions for Thursday, July 25, 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
・Euro: Pay attention to the European Central Bank (ECB) policy rate and Draghí’s ECB press conference.
・If the ECB Council signals future rate cuts, the euro may fall. If the euro weakens, will it also impact USD/JPY?
・Bitcoin/Yen is gaining strong upward momentum, approaching 1,100,000 yen. Breaking through 1,100,000 yen could be only a matter of time.
・Best-selling EA rankings: “BLUE MOON” remains at No. 1. No. 2 and No. 3 have swapped, with No. 2 being “Avail -USDJPY-” and No. 3 being “Copernicus Triple Crown.”
■USD/JPY 1-hour chart
Source: USD/JPY chart by TradingView
■Bitcoin/Yen 1-hour chart
Source: BTC/JPY chart by TradingView
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