PP Link Securities Co., Ltd
  • Derivative Broker
  • About DB
    • Who We Are?
    • Our Services
    • Our Products
  • Market Overview
    • Daily Analysis
    • Market Notice
    • Economic Calendar
    • Market Price
  • Platform
    • MT5
  • Client Support
    • Account Opening
    • Deposit and Withdrawal
    • Disclaimer
  • More
    • FAQ
    • Careers
    • Contact Us
  • Our Licenses
    • Securities Broker
    • Derivative Broker
    • Securities Selling Firm
  • English
    • 简体中文
    • ភាសាខ្មែរ
PP Link Securities Co., Ltd
  • Derivative Broker
  • About DB
    • Who We Are?
    • Our Services
    • Our Products
  • Market Overview
    • Daily Analysis
    • Market Notice
    • Economic Calendar
    • Market Price
  • Platform
    • MT5
  • Client Support
    • Account Opening
    • Deposit and Withdrawal
    • Disclaimer
  • More
    • FAQ
    • Careers
    • Contact Us
  • Our Licenses
    • Securities Broker
    • Derivative Broker
    • Securities Selling Firm
  • English
    • 简体中文
    • ភាសាខ្មែរ
Home -> Derivatives Broker -> Daily Analysis -> Today’s Outlook
  • 24-01-2023

Today’s Outlook

The dollar/yen pair rebounded from the low of 127.22 recorded on January 16, and then surged to 130.90 yesterday. The BOJ’s notification of the “fund-supplying operation against common collateral” is believed to have triggered the unwinding of yen longs by foreign investors. However, given that there are multiple resistance points in the upside, a reversal of the three roles (SANYAKU) suggesting a strong sell signal, and the downward trend of the Dow Theory continues, it can be judged that the upside potential is limited.  In fact, yesterday fell short of reaching the high of 131.59, which was set just after last week’s Bank of Japan monetary policy meeting. In terms of fundamentals,

(1) the BOJ’s deep-rooted expectations for revisions to monetary easing (abolition of the YCC and exit from negative interest rates will continue to be factored in toward the next meeting on March 10 and the meeting in April following the retirement of Governor Kuroda). and

(2) the US Fed’s speculation of monetary tightening and early suspension (the US entered a blackout period from January 21, but WSJ Nick, who is considered to be the spokesperson for the FED during post articles with dovish content → There is a high possibility that the terminal rate will not reach 5.00%),

(3) Against the backdrop of (1)and (2) above, the direction of monetary policy in Japan and the United States is different (the difference in monetary policy between Japan seeking the timing to end monetary easing and the United States seeking the timing to end monetary tightening). We have all the materials that are reminiscent of a decline in the yen exchange rate. Based on the above, we expect the trend of selling the dollar and buying the yen to continue (beware of the risk of a reversal after the round). Today, attention will be focused on the US January manufacturing, non-manufacturing and composite PMI preliminary figures and the US January Richmond Fed Manufacturing Index. From this week to next week, the market is expected to be led by the US dollar rather than the yen. We need to be careful because there is a risk that the market will be put under downward pressure again.

Today’s expected range: 129.50-131.50

每日分析

03-08-2023

Today’s Outlook

03-08-2023

Where is Gold heading?

13-07-2023

USD/JPY Outlook (13/July/2023)

12-07-2023

Today’s Outlook for USD/JPY

07-07-2023

Gold Prices ahead US job data

06-07-2023

Outlook for Today

  • About Us
  • Company News
  • FAQ
  • Careers
  • Contact Us
  • Our Licenses

© 2025 PP Link Securities Co., Ltd.

PP Link Securities Co., Ltd., registered in Cambodia as a Derivatives Broker under registration number 00036349, is regulated by the Securities and Exchange Regulator of Cambodia.

Registered Address: Ground Floor, Golden Tower, No.158-166, Street 215, Village 08, Sangkat Veal Vong, Khan 7 Makara, Phnom Penh. Contact: info@pplinksecurities.com.kh.

Risk Warning: Trading Derivatives carries a high level of risk to your capital; only trade with money you can afford to lose. Derivatives trading may not be suitable for all investors; fully understand the risks and seek independent advice if necessary.

You do not own or have rights in the underlying assets. Past performance does not indicate future performance, and tax laws are subject to change. The information on this website is general and does not consider your or your client’s personal objectives, financial circumstances, or needs.

The information on this site and the products and services offered are not intended for distribution to the U.S. or any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.