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With the absence of Japanese indicators this week, significant issues are expected on the US side, which may result in substantial price fluctuations. Meanwhile, the prevailing opinion is that the yen has bottomed out, with increasing demand for the yen. Market participants anticipate that the Bank of Japan will seriously consider lifting negative interest rates after the conclusion of the spring labor-management wage negotiations.
- A two-day speech by Chairman Powell of the Federal Reserve is scheduled for March 6th to 7th.
- The ECB monetary policy meeting is scheduled for March 7th.
- US unemployment rate and non-farm payroll figures will be released on March 8th.
The USDJPY chart is currently showing an upward trend, but it has recently encountered resistance at the trendline. If there are no major issues, it is expected to retreat towards the 149 line before attempting to surpass the 152 line through a rebound. However, the indicators scheduled for this week may influence this trend, and there is a possibility of breaking the resistance at the 152 line suddenly.
The expected movements for this week can be summarized into two main scenarios:
- Retreat to the 149 line due to resistance, followed by a rebound.
- Breakthrough of the 152 line resistance due to indicators.
These two movements are subject to adjustment depending on any variables that may arise.
With the absence of Japanese indicators this week, significant issues are expected on the US side, which may result in substantial price fluctuations. Meanwhile, the prevailing opinion is that the yen has bottomed out, with increasing demand for the yen. Market participants anticipate that the Bank of Japan will seriously consider lifting negative interest rates after the conclusion of the spring labor-management wage negotiations.
- A two-day speech by Chairman Powell of the Federal Reserve is scheduled for March 6th to 7th.
- The ECB monetary policy meeting is scheduled for March 7th.
- US unemployment rate and non-farm payroll figures will be released on March 8th.
The USDJPY chart is currently showing an upward trend, but it has recently encountered resistance at the trendline. If there are no major issues, it is expected to retreat towards the 149 line before attempting to surpass the 152 line through a rebound. However, the indicators scheduled for this week may influence this trend, and there is a possibility of breaking the resistance at the 152 line suddenly.
The expected movements for this week can be summarized into two main scenarios:
- Retreat to the 149 line due to resistance, followed by a rebound.
- Breakthrough of the 152 line resistance due to indicators.
These two movements are subject to adjustment depending on any variables that may arise.