
The US dollar index keeps rounding above the 103.60 historical support level. The buyers have already defended this level for three weeks, highlighting their interest in the greenback. Thus, buying USD looks less risky right now.
At its next rate review the Bank of Japan is supposed to offer a more positive view of the Japanese economy than it did the previous month, as sources familiar with the matter told, as strong exports along with factory output back revival in the world's number three economy.
However, the major bank will stress its resolve for the purpose of maintaining its massive monetary stimulus because the export-driven revival has yet to spur private consumption as well as inflation.
Some sources state that the Japanese economy is doing well enough, but it doesn’t generate higher prices, so inflation is still awfully low.
The previous month, the Bank of Japan told that Japan's economy is reviving modestly as a trend.
Japan’s major financial institution will probably offer a more optimistic view on exports as well as output than in March, when it told that they were picking up.
The BOJ is supposed to keep monetary settings intact at its two-day rate review, ending on April 27.
The US dollar index keeps rounding above the 103.60 historical support level. The buyers have already defended this level for three weeks, highlighting their interest in the greenback. Thus, buying USD looks less risky right now.
Happy Monday, dear traders! Hope you had a great weekend and you’re ready for the last trading week in 2022! Later this week we’ll announce some exciting news for you, but now let’s look through some interesting news! Today’s events: USA, UK, Hong…
On the H4 timeframe, the US dollar index has formed a bullish falling wedge. At the beginning of the trading session, the price is testing the upper border of this wedge. Thus, in case of a higher-than-expected Core PCE Price Index m/m, the US dollar will skyrocket against other currencies.
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.
2022 was rough: inflation, energy crisis, and plenty of other controversial situations…
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