Today on Monday (June 27), the dollar and yen opened at 135.27 and closed at 135.23 yesterday. So far, the highest has hit 135.27 and the lowest has been 134.49. Temporarily reported 134.61, down 0.46%. The euro and the dollar were temporarily reported at 1.0559, an increase of 0.09%; the dollar and the Canadian dollar were temporarily reported at 1.2902, an increase of 0.06%.
In the face of high inflation, with the exception of the Bank of Japan, which remains firm in its ultra-loose policy, central banks around the world tend to take a hawkish stance. Richmond Fed President Barkin said guidance for a July rate hike of 50 or 75 basis points was “reasonable.” European Central Bank Chief Economist Ryan and European Central Bank Governing Council member Olli Rehn both confirmed a 25 basis point rate hike in July, but believed that the September rate hike may be more aggressive. The Bank of England chief economist Peel said the central bank needs to raise interest rates further to curb sharply rising inflation.
USDJPY
Resistance position: 135.40/50 (strong resistance in the day, the watershed of whether it can be higher this week), 136.00/50
Support positions: 134.80 (the break down will cause the overall weak shock in the day), 134.00/30 (strong support this day, the key this week, the break down will test 132/133), 133.80 (confirm the overall weakness this week), 132/133
It is expected to be blocked at around 135.40 during the day, and it will fluctuate and fall back repeatedly. The overall range on Friday will be mainly fluctuating. It is necessary to predict that the whole week will fluctuate repeatedly around the range of last week.
USDX
Resistance position: 104.40/50 (strong resistance in the day), 104.70/90 (strong resistance this week), 105.30
Support locations: 103.80/90, 103.30/50, 103.20, 102.80
It is expected that the main shock will be in the 103.80/104.00-104.40/50 area within the day
It is expected that this week will remain mainly in the range of last week, and it is biased towards the expected trend of repeated shock testing around 103.50.