Volatility Is Rising As CB Meetings Approach

Volatility Is Rising As CB Meetings Approach

Happy Tuesday, dear traders! The volatility is rising as major central banks' meetings approach! Let's check the freshest news, moving the markets today!

  • The ECB could speed up QT, allowing it to have a more significant impact on reducing inflation and make room for new asset buying in the next crisis. These measures can provide substantial support to the EUR.
  • Analysts expect the BOJ to respond to increasingly persistent inflation as stimulating monetary policy no longer makes sense.
  • Some Fed economists are concerned that the decline in inflation will be temporary. They are concerned about too much wage growth. They believe a hot labor market will push core inflation higher in 2024 without a recession.
  • Oil prices rise on production cuts by Saudi Arabia, export restrictions from the Russian Federation, and expectations of new measures to stimulate the Chinese economy. XBRUSD is above $82.00 today.\

USDJPY analysis

USDJPYH1.png

USDJPY is moving under the resistance trendline. Traders may consider buying the pair on the breakout above this trendline with targets at 142.05 and 143.00.

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