Mengonfirmasi Anda bukan dari AS atau Filipina

Dengan memberikan pernyataan ini, saya secara tegas menyatakan dan mengonfirmasikan bahwa:
  • Saya bukan warga negara atau penduduk AS
  • Saya bukan penduduk Filipina
  • Saya, secara langsung maupun tidak langsung, tidak memiliki lebih dari 10% saham/hak suara/kepentingan dari penduduk AS dan/atau tidak mengontrol warga negara atau penduduk AS dengan cara lain
  • Saya tidak berada di bawah kepemilikan langsung atau tidak langsung untuk lebih dari 10% saham/hak suara/kepentingan dan/atau berada di bawah kontrol warga negara atau penduduk AS dengan cara lain
  • Saya tidak berafiliasi dengan warga negara atau penduduk AS dalam hal Bagian 1504(a) dari FATCA
  • Saya menyadari tanggung jawab saya jika membuat pernyataan palsu.
Untuk tujuan pernyataan ini, semua negara dan wilayah dependen AS disamakan dengan wilayah utama AS. Saya berkomitmen untuk membela dan membebaskan Octa Markets Incorporated, direktur dan pejabatnya dari klaim apa pun yang timbul akibat atau terkait dengan pelanggaran apa pun atas pernyataan saya.
Kami berkomitmen menjaga privasi dan keamanan informasi pribadi Anda. Kami hanya mengumpulkan email untuk menyediakan penawaran khusus dan informasi penting tentang produk dan layanan kami. Dengan memberikan alamat email, Anda setuju untuk menerima surat tersebut dari kami. Jika Anda ingin berhenti berlangganan atau memiliki pertanyaan maupun permasalahan, silakan hubungi Layanan Pelanggan kami.
Octa trading broker
Buka akun trading
Back

USD/JPY drops to multi-day low, eyes mid-114.00s ahead of US ISM PMI

  • USD/JPY witnessed heavy selling on Tuesday and drifted lower for the third successive day.
  • Retreating US bond yields kept the USD bulls on the defensive and exerted some pressure.
  • Investors now look forward to the US ISM Manufacturing PMI for a fresh trading impetus.

The USD/JPY pair continued losing ground through the mid-European session and dropped to a three-day low, around the 114.60 region in the last hour.

The ongoing retracement slide in the US Treasury bond yields dragged the US dollar further away from the highest level since July 2020 touched in the aftermath of a more hawkish FOMC last week. This, in turn, was seen as a key factor that exerted downward pressure on the USD/JPY pair for the third successive day on Tuesday.

Bearish traders further took cues from a weaker tone around the US equity futures, which tends to benefit the safe-haven Japanese yen. The downward momentum took along some short-term trading stops near the key 115.00 psychological mark. Hence, the fall could also be attributed to some technical selling below the said handle.

The USD/JPY pair has now retreated over 100 pips from the 115.70 area, or a near three-week high set on Friday and erased around 50% of last week's strong recovery move from a one-month low. Some follow-through selling will be seen as a fresh trigger for bearish traders and set the stage for a further near-term depreciating move.

That said, growing market acceptance that the Fed will tighten its monetary policy at a faster pace than anticipated should act as a tailwind for the buck and limit losses for the USD/JPY pair. In fact, the money markets have fully priced in an eventual Fed liftoff in March and expect five quarter-point rate hikes by the end of 2022.

Market participants now look forward to the release of the US ISM Manufacturing PMI. This, along with the US bond yields, might influence the USD price dynamics and provide some impetus to the USD/JPY pair. Traders will further take cues from the broader market risk sentiment to grab some short-term opportunities.

Technical levels to watch

 

EUR/JPY Price Analysis: Extra rebound could retest the mid-130.00s

EUR/JPY gives away some gains following Monday’s sharp improvement. In light of the recent price action, further recovery in the cross could be in the
Baca selengkapnya Previous

US Dollar Index Price Analysis: Initial support comes near 96.00

DXY drops for the second session in a row and revisits the low-96.00s on Tuesday. While the downside is deemed as corrective only, it carries the pote
Baca selengkapnya Next