Confirming you are not from the U.S. or the Philippines

Ao fornecer esta declaração, declaro e confirmo explicitamente que:
  • Não sou um cidadão nem residente nos EUA
  • Não sou residente nas Filipinas
  • Não possuo, direta ou indiretamente, mais de 10% de ações/direitos de voto/juros dos residentes dos EUA e/ou não controlo cidadãos ou residentes dos EUA por quaisquer outros meios
  • Não tenha propriedade, direta ou indireta, de mais de 10% de ações/direitos de voto/juros e/ou controlo cidadãos ou residentes dos EUA exercidos por outros meios
  • Não sou afiliado de cidadãos ou residentes dos EUA nos termos da Secção 1504(a) da FATCA
  • Tenho consciência da minha responsabilidade por prestar declarações falsas.
Para efeitos da presente declaração, todos os países e territórios dependentes dos EUA são equiparados de igual modo ao território principal dos EUA. Comprometo-me a defender e a considerar isenta a Octa Markets Incorporated, os seus diretores e oficiais relativamente a quaisquer reivindicações que surjam ou estejam relacionadas com qualquer violação da minha declaração no presente documento.
Dedicamo-nos à sua privacidade e à segurança das suas informações pessoais. Coletamos e-mails apenas para fornecer ofertas especiais e informações importantes sobre nossos produtos e serviços. Ao enviar seu endereço de e-mail, você concorda em receber nossas cartas. Se desejar cancelar a assinatura ou tiver alguma dúvida ou preocupação, entre em contato com o nosso Suporte ao Cliente.
Octa trading broker
Abrir conta de negociação
Back

USD/JPY drops back closer to 138.00 mark, fresh daily low amid sustained USD selling

  • USD/JPY comes under renewed selling pressure on Tuesday amid broad-based USD weakness.
  • Rising bets for less aggressive rate hikes by the Fed continue to weigh heavily on the greenback.
  • A positive risk tone could undermine the safe-haven JPY and help limit the downside for the pair.

The USD/JPY pair fails to capitalize on the previous day's recovery from the 137.50 area, or a three-month low and meets with a fresh supply on Tuesday. The intraday selling picks up pace during the early European session and drags spot prices back closer to the 138.00 mark in the last hour.

The overnight US Dollar bounce from a technically significant 200-day SMA fades rather quickly amid expectations that the Fed will slow the pace of its policy tightening. In fact, the markets now expect the US central bank to deliver a relatively smaller 50 bps rate hike in December, which led to the recent sharp decline in the US Treasury bond yields. This, in turn, continues to weigh on the USD and is seen as a key factor exerting downward pressure on the USD/JPY pair.

The Japanese Yen, on the other hand, draws support from speculations that the Bank of Japan (BoJ) will exit its ultra-lose policy stance. In fact, a Reuters poll indicated on Tuesday that more than 90% of economists expect that BoJ's next policy move will be to unwind its massive monetary easing. The change, however, is not anticipated before the latter half of 2023. This, along with a positive risk tone, could undermine the safe-haven JPY and lend support to the USD/JPY pair.

The global risk sentiment gets a boost amid hints that Chinese authorities intend to loosen COVID-19 restrictions, despite a nationwide surge in cases. This is evident from a modest uptick in the equity markets, which tends to drive flows away from traditional safe-haven currencies, including the JPY. This makes it prudent to wait for strong follow-through selling below the overnight swing low, around the 137.50 region, before positioning for any further losses for the USD/JPY pair.

Market participants now look forward to the release of the Conference Board's US Consumer Confidence Index, due later during the early North American session. This, along with the US bond yields, will influence the USD price dynamics and provide some impetus to the USD/JPY pair. Traders will also take cues from the broader market risk sentiment to grab short-term opportunities. The focus, however, will be on Fed Chair Jerome Powell's speech on Wednesday and the NFP report on Friday.

Technical levels to watch

 

Natural Gas Futures: Upside bias could be running out of steam

Considering advanced figures from CME Group for natural gas futures markets, open interest shrank for the second session in a row on Monday, now by ju
Leia mais Previous

USD/JPY: A decline to 137.00 appears unfavoured – UOB

USD/JPY remains under pressure for the time being, although a deeper pullback to the 137.00 region looks out of favour in the short term, comment Econ
Leia mais Next