Be cautious of sudden market changes.
In the land where I live, warm days have continued, but it seems it will get cold again from tomorrow.
After that, they say pollen will be flying as well... (-_-;)
I am Ko-tsume-kko who thinks we must be careful about sudden changes in the weather, hello.
Now, about "sudden changes," the following article is quoted from Yahoo News ↓
[Tokyo 17th Reuters] - In this week's foreign exchange market, the USD/JPY could move to the high 150s to the mid-155 yen range, if a chance arises from the opportunities for further Bank of Japan rate hikes including remarks by Tadakawa Takada, a BOJ policy board member. Ongoing caution remains regarding statements by President Trump about tariffs among other issues, and traders should be aware of the risk of sudden market moves. The forecast range is USD 1. - 1.0280–1.0530, translation note: the original shows USD ranges; here translated as ranges for the euro/dollar pair: but the original says "ドルが151━155円、ユーロが1.0280―1.0530ドル。" which should be read as USD/JPY 151-155 yen and EUR/USD 1.0280-1.0530 dollars.
With expectations for an earlier hike by the BOJ still smoldering, attention is on remarks by Policy Board member Takashi Takata. Senior strategist Keita Iguchi of Resona Holdings says, “I don't think he will state it so clearly, but if there are hawkish tones in his remarks, interest rates could rise further and the yen could strengthen.”りそな Holdings
Besides remarks on the neutral rate, focus is on comments about the spring wage offensive, but another view is that “there is only limited yen appreciation even if expectations for rate hikes are brought forward,” as per another domestic bank currency dealer. Meanwhile, “attention to the BOJ is rising, and sensitivity to statements that could lead to rate-hike expectations is increasing,” (same source).
From tariffs to a ceasefire in Ukraine, President Trump’s irregular statements are also under caution. Following a phone call between U.S. and Russian leaders, hopes for a ceasefire rose, and European currencies such as the euro were bought back. Europe
However, Iguchi of Resona Holdings points out that the euro has been selling off due to weak fundamentals. Since the European Central Bank (ECB) is maintaining its easing stance, he suggests that “the euro’s rebound may not continue.”
...That is how it stands.President Trump also rolls out various policies, doesn’t he.
He plans to impose tariffs on automobiles starting April 2.
“April Fool’s Day is something to be mindful of,”
that is the case (^^)
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