Recently checked the actions of the central bank, the Bank of Japan once again held steady, with the target interest rate remaining at 0.75%. However, this time the vote was 6 to 3, with a much clearer divergence than last time, indicating that the pressure to raise interest rates is indeed accumulating. Governor Ueda Haruhiko signaled a somewhat hawkish stance at the press conference, saying they will continue to raise rates based on economic conditions, but due to the Middle East situation and other uncertainties, there’s no need to rush into rate hikes for now.



The USD/JPY has been consolidating below 160 recently, and the psychological barrier is still quite significant. If it can hold steady at 159.0, there’s a chance to push toward 160 or even 163.0 later. But if it breaks below 159.0, caution is needed, as it may test the support at 157.0. The EUR/USD has fallen a bit, already touching 1.1686, with the AO indicator showing increasing downward momentum. In the short term, focus on the key support at 1.1670. If it effectively breaks below 1.1670, it may continue to decline toward 1.1600. Looking at today’s EUR/CNY exchange rate, the euro is under overall pressure, and further observation is needed for a while.

The Nasdaq Composite finally broke its 18-day winning streak, falling 1% to a low of 10251 points. Although this index is still in an accelerating upward phase, caution is warranted as it may be approaching a top. Nvidia is doing very well, rising 4% to a new high, breaking through previous ranges, indicating a new upward wave may be starting. If it can stay above $210, it could aim for $226 later. Overall, these assets still have short-term opportunities, but attention should be paid to their technical positions.
EURUSD-0.01%
AO-0.64%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned