Is the Reserve Bank of Australia (RBA) policy rate likely to stay unchanged? The USD/JPY pair halted its decline and rose to the 106 yen level! [Tuesday, August 6]
In this video, we will check important economic indicators and market conditions for August 6 (Tuesday), chart movements, and top-selling EA rankings.
■Video
<Reference Sites>
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! Expectation toward hold, but rate cuts are not impossible?
・USD/JPY has found support in the mid-105s and has since reversed higher, moving around the mid-106s. The market is fragile and difficult to respond to; we need to watch market trends and identify where the downside may lie.
・Bitcoin/Japanese Yen has been range-bound after breaking through 1,220,000 yen.
・Top-selling EA rankings: 1st place “Swing_Max_GBPUSD,” 2nd place “Dual-Cast,” 3rd place “Scal_System_EURUSD.”
■USD/JPY, 1-hour chartSource: TradingView USDJPY chart
■Bitcoin/Yen, 1-hour chart
Source: TradingView BTCJPY chart
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