為替市場の動向とFXトレーダー向けの戦略

October 31, 2024Share
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The Japanese yen has surged on Thursday after showing little movement this week. In the European session, USD/JPY is trading at 152.68, at the time of writing, down 0.48% on the day. Earlier, USD/JPY rose as high as 0.9% before retracting.Bank of Japan stays on the sidelinesThe Bank of Japan didn’t have any surprises up its sleeve and held interest rates at 0.25% at today’s policy meeting. The BoJ released updated growth and inflation forecasts, but these didn’t provide any clues about rate moves as the forecasts had only minor revisions.Governor Ueda said at a press conference that “inflation was moving in line with our forecasts” towards the 2% target, but added that he had no “preset idea” as to the timing of a rate hike. Ueda said that the central bank would make its rate decisions based on the data, which means that investors shouldn’t expect any broad signals from the BoJ about its rate path.Ueda made reference to the currency markets and that has sent the yen flying higher. Ueda stated that the currency markets have had a strong impact on Japan’s economy. The markets took this as a possible indication that a rate hike will be sooner rather than later, although the BoJ is likely to wait until early 2025 before raising interest rates.The BoJ has intervened in the currency markets when the yen depreciated quickly and another intervention could be in the works, as the yen has had a miserable October, falling 6.3%.The political uncertainty is not helping the wobbly yen. Japan’s general election left the ruling Liberal Democratic Party without a majority and it’s unclear if Prime Minister Ishiba will be able to cobble together a government.USD/JPY TechnicalUSD/JPY tested support at 153.02 earlier. The next support level is 152.47
153.64 and 154.19 are the next resistance lines
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BioGoogle+Latest PostsA highly experienced financial market analyst with a focus on fundamental and macroeconomic analysis, Kenny Fisher’s daily commentary covers a broad range of markets including forex, equities and commodities. His work has been published in major online financial publications including Investing.com, Seeking Alpha and FXStreet. Kenny has been a MarketPulse contributor since 2012.

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