• short positions may be attracted after a pullback near the formation of the rising triangle.
Financial News Agency (Shanghai, editor Malan) - on Monday (April 18), the governor of the Bank of Japan, tohiko Kuroda, made a speech on the recent fluctuations in Japan's foreign exchange market,
At a time when the euro / US dollar and Sterling / US dollar trends are weak, the US dollar index is slowly recovering from the decline earlier this week; However, the USD / JPY is falling to build a potential head and shoulder pattern; Ig customer sentiment index shows that the short-term outlook of USD / JPY tends to be bullish.
Asia Pacific market on Thursday
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On July 18, Morgan Stanley FX strategists had upgraded their stance on the pound to neutral.
In early Asian trading on July 21, Beijing time, the US dollar index rose slightly and is currently trading around 107.05. The U.S. dollar index closed up 0.31 percent at 107.03 on Wednesday. Expectations of a 100 basis point rate hike by the Federal Reserve in July capped gains in the U.S. dollar index.
The world bank revised down the forecast of gross domestic product (GDP) growth rate in East Asia and the Pacific in 2022 to 5%,
• the Nasdaq 100 index continued to fall yesterday
Sterling and the euro rallied against the dollar after U.S. inflation data for July was released on Wednesday, and analysts said the gains were likely to extend in the coming weeks.
