Imagining today’s moves of USD/JPY after the FOMC
USD/JPY 1-hour chart
I expected a dip and then a rise on the FOMC,
but it rose further as it is
Even while fearing the forbidden indicator scalping, I lightly copied
https://www.gogojungle.co.jp/tools/ebooks/55792?via=users_products
Since many traders thought the same thing
the market doesn’t follow that, does it
I’d like a pullback around 154.4 before the Bank of Japan meeting
Daily chart
154.159 is the first barrier
On the 4-hour chart, it is the same bottom long we introduced yesterday
The theory is to rise after a pullback
Now it is in the middle of that rise
The future direction depends on the BOJ, doesn’t it
I’m waiting for a pullback
FOMC, as expected, rate cut of 0.25 percentage point
The rate-cut expectation for 2025 is two times
This is also the same as the big players’ forecast
The dot plot
The press conference said, “Further rate cuts require inflation to advance”
With this, USD/JPY continues to rise
The focus has turned to the BOJ
From leaked articles, the BOJ isn’t moving
But given the yen’s weakness,
I think there will be hawkish remarks
An image of price movement for USD/JPY on 15-minute chart
・A pullback due to position adjustments
・Long positions are hunted after the BOJ announcement, then a rise
・Fall at Ueda’s press conference
That’s my speculation
What do you think?
Will hawkish remarks come from Governor Ueda at the press conference?
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