{"id":649,"date":"2019-07-17T14:16:02","date_gmt":"2019-07-17T05:16:02","guid":{"rendered":"https:\/\/forex-kei.com\/?p=649"},"modified":"2019-11-02T18:39:11","modified_gmt":"2019-11-02T09:39:11","slug":"weekly-forex-analysis-15-07-21-07-2019","status":"publish","type":"post","link":"https:\/\/forex-kei.com\/?p=649","title":{"rendered":"Interest Rate Decrease leads USD Not Being Bought"},"content":{"rendered":"<h2>USDJPY Real Time Daily Chart<\/h2>\n<p><!-- TradingView Widget BEGIN --><\/p>\n<div class=\"tradingview-widget-container\">\n<div id=\"tradingview_6aca3\"><\/div>\n<div class=\"tradingview-widget-copyright\"><a href=\"https:\/\/www.tradingview.com\/symbols\/FX-USDJPY\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span class=\"blue-text\">USDJPY Chart<\/span><\/a> by TradingView<\/div>\n<p><script type=\"text\/javascript\" src=\"https:\/\/s3.tradingview.com\/tv.js\"><\/script><br \/>\n<script type=\"text\/javascript\">\n  new TradingView.widget(\n  {\n  \"width\": 700,\n  \"height\": 450,\n  \"symbol\": \"FX:USDJPY\",\n  \"interval\": \"D\",\n  \"timezone\": \"Etc\/UTC\",\n  \"theme\": \"Light\",\n  \"style\": \"1\",\n  \"locale\": \"en\",\n  \"toolbar_bg\": \"#f1f3f6\",\n  \"enable_publishing\": false,\n  \"hide_side_toolbar\": false,\n  \"allow_symbol_change\": true,\n  \"studies\": [\n    \"BB@tv-basicstudies\",\n    \"IchimokuCloud@tv-basicstudies\"\n  ],\n  \"show_popup_button\": true,\n  \"popup_width\": \"1000\",\n  \"popup_height\": \"650\",\n  \"container_id\": \"tradingview_6aca3\"\n}\n  );\n  <\/script><\/p>\n<\/div>\n<p><!-- TradingView Widget BEGIN --><\/p>\n<div class=\"tradingview-widget-container\">\n<div class=\"tradingview-widget-container__widget\"><\/div>\n<div class=\"tradingview-widget-copyright\"><a href=\"https:\/\/www.tradingview.com\/symbols\/USDJPY\/technicals\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span class=\"blue-text\">Technical Analysis for USDJPY<\/span><\/a> by TradingView<\/div>\n<p><script type=\"text\/javascript\" src=\"https:\/\/s3.tradingview.com\/external-embedding\/embed-widget-technical-analysis.js\" async>\n  {\n  \"showIntervalTabs\": true,\n  \"width\": \"600\",\n  \"colorTheme\": \"light\",\n  \"isTransparent\": false,\n  \"locale\": \"en\",\n  \"symbol\": \"USDJPY\",\n  \"interval\": \"1D\",\n  \"height\": \"5<span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span>00\"\n}\n  <\/script><\/p>\n<\/div>\n<p><!-- TradingView Widget END --><\/p>\n<h2>Last week on USDJPY<\/h2>\n<p class=\"p1\">Last week on USDJPY<span class=\"s1\">,<\/span> USD rebounded to 108.99 at one time<span class=\"s1\">,<\/span> but it was pushed back again to the 107 yen level and returned to &#8220;the original sheath&#8221; without being put on the 109 yen level. The reason for the USD rebounded to 109 rate was because of the positive employee statistics and that<span class=\"s1\">\u2019<\/span>s why USD was bought at a time<span class=\"s1\">,<\/span> but it seems that it was not a move to buy further. FOMC will be held at the end of this month and most likely the interest rate will decrease<span class=\"s1\">,<\/span> and I think the range will be between 107.00 &#8211; 109.00.<\/p>\n<h2>Interest Rate Decrease<\/h2>\n<p class=\"p1\">Although the US economic indicators are somewhat bright in the housing sector<span class=\"s1\">,<\/span> the overall economy is still fluctuating<span class=\"s1\">,<\/span> and seems <span class=\"s1\">\u201c<\/span>it<span class=\"s1\">\u2019<\/span>s not very strong<span class=\"s1\">,<\/span> but not bad enough to lead to recession.<span class=\"s1\">\u201d<\/span> Nevertheless<span class=\"s1\">,<\/span> there is no doubt that the Fed&#8217;s monetary policy stance is <span class=\"s1\">\u201c<\/span>dovish.<span class=\"s1\">\u201d<\/span> It is clear from the stock market that all three major indices have hit a record high<span class=\"s1\">,<\/span> bonds are solid and gold is being bought. Based on the assumption that interest rates will decline in the future<span class=\"s1\">,<\/span> the dollar is being sold and the yen is being bought.<\/p>\n<p class=\"p1\">The focus is on the number of future rate cuts whether it is two times or three times or maybe four times. If it is three times<span class=\"s1\">,<\/span> the line of September and December becomes thick following this month<span class=\"s1\">,<\/span> in which case the USDJPY could go below the level of 105 yen.<\/p>\n<p class=\"p1\">On the other hand<span class=\"s1\">,<\/span> after deciding on the interest rate decrease this month<span class=\"s1\">,<\/span> if there will be only one more time<span class=\"s1\">,<\/span> most likely USDJPY will not go down that much. It all depends on economic indicators to be announced in the future. Many FOMC members are positive about rate decrease<span class=\"s1\">,<\/span> but some members<span class=\"s1\">,<\/span> like the Chicago Fed governor and the Dallas Fed president Mr. Kaplan<span class=\"s1\">,<\/span> are cautious about the decrease.<\/p>\n<h2>How many times of rate decrease will be executed is a key<\/h2>\n<p class=\"p1\">Still<span class=\"s1\">,<\/span> the Fed will continuously be looking for reasons to decrease the rate<span class=\"s1\">,<\/span> so that means USD will not be bought so much. In addition<span class=\"s1\">,<\/span> the pressure is expected to increase on political dates because maintaining a favorable economy is <span class=\"s1\">\u201c<\/span>good material<span class=\"s1\">\u201d<\/span> for both the Republican Party and the Democratic Party for the presidential election. Although there is no news that is particularly important this week<span class=\"s1\">,<\/span> it is likely to be a search for news that read how many times the rate will decrease towards the FOMC at the end of the month.<\/p>\n<h2>Economic Calendar of the week (UTC)<br \/>\n<!-- TradingView Widget BEGIN --><\/h2>\n<div class=\"tradingview-widget-container\">\n<div class=\"tradingview-widget-container__widget\"><\/div>\n<div class=\"tradingview-widget-copyright\"><a href=\"https:\/\/www.tradingview.com\/markets\/currencies\/economic-calendar\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span class=\"blue-text\">Economic Calendar<\/span><\/a> by TradingView<\/div>\n<p><script type=\"text\/javascript\" src=\"https:\/\/s3.tradingview.com\/external-embedding\/embed-widget-events.js\" async>\n  {\n  \"colorTheme\": \"light\",\n  \"isTransparent\": true,\n  \"width\": \"510\",\n  \"height\": \"600\",\n  \"locale\": \"en\",\n  \"importanceFilter\": \"-1,0,1\"\n}\n  <\/script><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>USDJPY Real Time Daily Chart USDJPY Chart by TradingView Technical Analysis for USDJPY by TradingView Last week on USDJPY Last week on USDJPY, USD rebounded to 108.99 at one time, but it was pushed back again to the 107 yen level and returned to &#8220;the original sheath&#8221; without being put on the 109 yen level. The reason for the USD rebounded to 109 rate was because of the positive employee statistics and that\u2019s why USD was bought at a time, but it seems that it was not a move to buy further. FOMC will be held at the end of this month and most likely the interest rate will decrease, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":650,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_expiration-date-status":"saved","_expiration-date":0,"_expiration-date-type":"","_expiration-date-categories":[],"_expiration-date-options":[]},"categories":[1],"tags":[3,20,21,41],"class_list":["post-649","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-youtube-videos","tag-forex","tag-weeklychartanalysis","tag-usdjpy","tag-forecasts"],"_links":{"self":[{"href":"https:\/\/forex-kei.com\/index.php?rest_route=\/wp\/v2\/posts\/649","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forex-kei.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forex-kei.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forex-kei.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forex-kei.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=649"}],"version-history":[{"count":10,"href":"https:\/\/forex-kei.com\/index.php?rest_route=\/wp\/v2\/posts\/649\/revisions"}],"predecessor-version":[{"id":659,"href":"https:\/\/forex-kei.com\/index.php?rest_route=\/wp\/v2\/posts\/649\/revisions\/659"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forex-kei.com\/index.php?rest_route=\/wp\/v2\/media\/650"}],"wp:attachment":[{"href":"https:\/\/forex-kei.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=649"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forex-kei.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=649"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forex-kei.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=649"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}