Pay attention to Japan and UK's domestic GDP release! The USD/JPY exchange rate faces stronger yen pressure [Friday, August 9]
In this video, we will review important economic indicators and market conditions for Friday, August 9, chart movements, and best-selling EA rankings.
■Video
<Reference site>
Yahoo! JAPAN Finance
https://info.finance.yahoo.co.jp/fx/marketcalendar/
■Today’s Highlights
・Japan: Quarterly Real GDP, United Kingdom: Monthly GDP / Quarterly GDP, Canada: New jobs / Unemployment rate in focus!
※ Japan’s quarterly real GDP grew 0.4% quarter-on-quarter against an expected 0.1%, and annualized 1.8% against an expected 0.4%, both outperforming expectations.
・Pressure from President Trump’s dollar-lowering policy is likely to contribute to a decline in USD/JPY. USD/JPY is dipping below 106 and trading in the 105.90 area.
・Bitcoin/JPY fell to around 1,210,000 yen at one point, then recovered and is trading in the mid-1,250,000 yen range.
・Best-selling EA rankings: 1st place “Swing_Max_GBPUSD,” 2nd place “Dual Cast,” with no change in 1st and 2nd. Rank 3 is “Scal_System_EURUSD.”
■USD/JPY, 1-hour chartSource: TradingView USDJPY chart
■Bitcoin/JPY, 1-hour chart
Source: TradingView BTCJPY chart
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