10 October 2024, USD/JPY
An event to look out for today:
15:30 GMT+3. USD - Consumer Price Index
USDJPY:
The Japanese yen (JPY) weakened on Wednesday amid uncertainty over the Bank of Japan's (BoJ) plans for additional interest rate hikes. In addition, risk momentum undermined demand for the safe-haven yen, which, along with a fresh wave of US dollar (USD) buying, pushed the USD/JPY pair towards the 149.50 area, or the highest level since mid-August.
Meanwhile, data released earlier this Thursday showed that Japan's Producer Price Index (PPI) remained unchanged in September, and rose more than expected on a year-on-year basis in the reporting month. This in turn supports the Japanese yen and limits the USD/JPY pair. But traders prefer to stay on the sidelines before the release of US consumer inflation data.
Trading recommendation: Trade predominantly Buy orders from the current price level
Fund your account with cryptocurrency and you will receive up to 10% in balance on your first deposit. The additional funds will be used for trading, increasing trading volumes and helping you withstand drawdowns.
en 
id 
ar 
ru 
vn 
es 
pt 
kz 
ua 
tj 
uz 
az 
ms 