美元 / 日圓
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USDJPY continues its streak of rising above record highs

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Hello dear friends, are you wondering about the market today?

Today, USDJPY continues to maintain its strong upward momentum, receiving consistent support from market developments. On the 4-hour chart, UJ is currently at 148.88, accompanied by technical indicators such as the 34 and 89 EMA lines, signaling a continuing uptrend. Any potential price declines may only be short-term, as UJ is still within a strong upward trendline.

And what do you think about the market today?
註釋
good luck everyone <3
註釋
BOJ Governor Kazuo Ueda conducted the press conference of the post-September policy meeting on Friday
註釋
Japan’s National Consumer Price Index (YoY) report for August printed a reading of 3.2% compared to the previous rate of 3.3%. While National CPI ex-Fresh Food (YoY) remained consistent at 3.1% against the expected 3.0%.
註釋
BoJ Ueda supports for extending the expansionary monetary policy as 2% inflation is not in sight. Kazuo Ueda cited that a moderate rise in inflation backed by wage growth would be a real victory for the central bank.
註釋
USDJPY is rising
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Will USDJPY decrease in the future?
註釋
The authorities in China have also upped their rhetoric opposing CNY weakness as well. Actions to curtail upside moves in USD/CNY would certainly help Tokyo in its battle to limit JPY weakness.

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