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Last week, the US PPI was announced higher than expected, leading to strength in the dollar. The January PPI in the US was reported to have risen by 0.3%, surpassing the expected 0.1%. Several key issues will be announced this week, and it is expected that significant movements will occur once again due to these issues.
- On February 22nd, the minutes of the Federal Open Market Committee (FOMC) meeting will be released.
- On February 22nd, the Eurozone Consumer Price Index and the ECB Monetary Policy Meeting Report will be published.
- On February 27th, the Japanese Core Consumer Price Index will be announced.
USDJPY is currently experiencing some resistance at previous highs and trendline resistance. Short-term pressure may occur in this range, so it would be advantageous to wait for positions near the trendline support rather than betting on a decline according to the trend. Today and tomorrow are expected to have relatively quiet movements, but market volatility is expected to increase according to the content of the soon-to-be-released FOMC minutes.
Summarizing the expected movements:
- Resistance at the 152 line may lead to short-term pressure followed by support at the trendline and an upward move to the highs.
- Immediate uptrend, breaking through resistance at the 152 line, and a medium to long-term rise to the 158 line.
These two movements are summarized, and adjustments will be made if there are any variables.
Please share your personal opinions in the comments. We kindly ask for your support through boosts and subscriptions.
Last week, the US PPI was announced higher than expected, leading to strength in the dollar. The January PPI in the US was reported to have risen by 0.3%, surpassing the expected 0.1%. Several key issues will be announced this week, and it is expected that significant movements will occur once again due to these issues.
- On February 22nd, the minutes of the Federal Open Market Committee (FOMC) meeting will be released.
- On February 22nd, the Eurozone Consumer Price Index and the ECB Monetary Policy Meeting Report will be published.
- On February 27th, the Japanese Core Consumer Price Index will be announced.
USDJPY is currently experiencing some resistance at previous highs and trendline resistance. Short-term pressure may occur in this range, so it would be advantageous to wait for positions near the trendline support rather than betting on a decline according to the trend. Today and tomorrow are expected to have relatively quiet movements, but market volatility is expected to increase according to the content of the soon-to-be-released FOMC minutes.
Summarizing the expected movements:
- Resistance at the 152 line may lead to short-term pressure followed by support at the trendline and an upward move to the highs.
- Immediate uptrend, breaking through resistance at the 152 line, and a medium to long-term rise to the 158 line.
These two movements are summarized, and adjustments will be made if there are any variables.