Let’s have a look at the economic calendar.
USD/JPY: forecast for Oct. 23-27
Elections to the upper house of Japanese parliament will take place on Sunday, Oct. 22. According to the recent forecasts, Prime Minister Shinzo Abe’s ruling coalition is on track to roughly match the two-thirds “super majority” it held in parliament’s lower house before the snap election was called. Abe’s victory looks prices in, so it may give USD/JPY only a small short-term boost.
The market sentiment improved based on an ease of the trade war tensions between China and the US.
What if there's no uptrend or downtrend at the market? How to make money in a sideways market? FBS analyst Elizabeth Belugina will show you how to trade in ranges…
Watch and find out the key levels for EUR/USD, GBP/USD and NZD/USD for today!