Is the inverted yield curve signaling a looming U.S. recession? The USD/JPY remains in an unstable market conditions【Friday, August 16】
In this video, we review important economic indicators and market conditions for Friday, August 16, along with chart movements and a ranking of popular Expert Advisors (EAs).
■Video
<Reference sites>
Yahoo! JAPAN Finance
https://info.finance.yahoo.co.jp/fx/marketcalendar/
■Today's Highlights
・At 21:30 (US): Housing Starts/Building Permits, and 23:00 (US): University of Michigan Consumer Sentiment Index – Flash
・The yield curve inverted as 2-year and 10-year Treasuries inverted, raising concerns about a US recession. USD/JPY is moving back and forth within a 1-yen range, around the low-106s as of 11:00. Volatile moves are expected for a while?
・Bitcoin/JPY fell to the mid-1,000,000s but then rebounded to nearly 1,100,000. Recovering to 1,100,000 is only a matter of time?
・Best-selling EAsランキング are: 1) “Swing_Max_GBPUSD,” 2) “NEO_Sca_Morning_USDJPY_turbo,” 3) “Prospect_FX_AUDNZD,” with no changes in ranking.
■USD/JPY, 1-hour chart
Source: USDJPY chart by TradingView
■Bitcoin/JPY, 1-hour chart
Source: BTCJPY chart by TradingView
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